> Chinese goods generally sell at a markup abroad, which is the opposite of dumping
Dumping is selling goods below cost.
Usually because government is subsidizing part of the production. I don’t believe the word “dumping” is used for the similar process when Venture Capital is subsidizing it, but using the same term would make sense.
Price at home vs abroad does not matter.
Price at home vs. abroad is key. The term dumping comes from the idea that a company that sells profitably in its home market dumps excess production abroad at below cost.
This is not what is happening here. Chinese manufacturers are making a large profit off every car they sell in Western markets. As I said above, they're selling these cars at several times the price they charge in China. Unless you believe these cars are being sold at just 30% of cost in China, there's no way Chinese companies are selling below cost in the West.
> Dumping is selling goods below cost.
Chinese cars are not sold below cost in Western markets. So it is not dumping.
> I don’t believe the word “dumping” is used for the similar process when Venture Capital is subsidizing it,
I've been doing so for years. How about you join me today. I already see two other users doing the same, so there'll be at least 4 of us.
It's blatantly dumping, whether the source of the money is directly the government (those in power) or VC (mostly US billionaires (trillionaires?), in other words, those in power) is a trivial implementation detail.