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Tuesday, July 13, 2010

Made in China costs more in China?

Seems counter intuitive, but I have been hearing this for years. Short answer is exports are subsidized.

Products made in China often cost more there than in the West - LA Times

A good example:

That Apple laptop is made at a factory that's granted a rebate on China's 17% value added tax, as long as those computers are exported and sold abroad. Chinese buyers aren't so fortunate. Before that same machine can be sold domestically, it is first sent to Hong Kong, a special administrative region of China, then returned to the mainland with a 20% import tariff, industry experts said.

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