China using State backed banks/companies to subsidize money-losing investments in oversupplied steel industries in other countries. 1) A bad economic decision. 2). A complex political decision, as it will build ties globally, but harm global steel industry. 1/2
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3). This is a direct attack on capitalism and the interests of workers throughout the world, because these investments are being made without concern for profits/economic returns. Over time, they will tend to spread Chinese misallocation of capital to other countries.
End of conversation
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Did a great job of sinking that evil Canadian steel cartel though.
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Trump blocked all foreign countries steel not just China lol
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This is Don the Con's way of treating China with kid gloves!
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