Question

Recently China has alleged Australian 'dumping' wines in its market and the Chinese government is conducting...

Recently China has alleged Australian 'dumping' wines in its market and the Chinese government is conducting an investigation into this matter.

Discuss alternative methods the Chinese authority might use to improve that Australian wines have been dumped in China.

Homework Answers

Answer #1

Dumping means to sell a product in foreign market at a price less than the cost of production basically below the average cost and above marginal cost of production.This is done mainly to get rid of surplus products and dominate the foreign market as this will crush the rivals existing in the market. The same is applied by Australian wines in Chinese market. China is finding alternatives to improve this situation. China did anti dumping investigation against Australian wines exports. This rule stops the producers from selling anything less than the market value. Using this tool a tariff has been imposed which causes the price of Australian wine to be thrice of that of Chinese wine so basically the wine will be effectively get excluded from Chinese market over time.

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
SCENARIO “Australia currently has over 2000 wine exporters sending tens of thousands of different wines to...
SCENARIO “Australia currently has over 2000 wine exporters sending tens of thousands of different wines to 116 destinations worldwide. While Wine Australia, an Australian Government authority, has been working tirelessly over the years to promote the sale and consumption of Australian wine internationally and domestically, they haven’t had a permanent presence across the Asian region to help the wine sector capture export opportunities. This is unfortunate as the last four years have seen strong demand for Australian red wines in...
Early in the 21st century, China accumulated about $2 trillion in US government Debt. I remember...
Early in the 21st century, China accumulated about $2 trillion in US government Debt. I remember during that time so called “experts” suggested that meant China had some ability to influence US policy since it owned so much debt it could inflict great damage to the US economy if they were to sell that debt onto the market suddenly and stop buying any more US debt. That never happened. Let’s speculate though and ask if China did sell all that...
POINT/COUNTER-POINT: Should China Be Forced to Alter the Value of Its Currency? POINT: U.S. politicians frequently...
POINT/COUNTER-POINT: Should China Be Forced to Alter the Value of Its Currency? POINT: U.S. politicians frequently suggest that China needs to increase the value of the Chinese yuan against the U.S. dollar, even since China has allowed the yuan to float (within boundaries). The U.S. politicians claim that the yuan is the cause of the large U.S. trade deficit with China. This issue is periodically raised not only with currencies tied to the dollar, but also with currencies that have...
China Moves to Tighten the Money Supply By DAVID BARBOZA – January 6, 2007 China’s central...
China Moves to Tighten the Money Supply By DAVID BARBOZA – January 6, 2007 China’s central bank said late Friday that it had raised the reserve requirement ratio for banks, the fourth increase in six months, to further tighten the nation’s money supply. The modest move, which takes effect this month, increases the reserve ratio by half a percentage point, to 9.5 percent. Analysts said it was the government’s latest warning that too much money in the financial system could...
'First Bank' PLC 'First Bank' has recently begun to offer Internet banking to extend its range...
'First Bank' PLC 'First Bank' has recently begun to offer Internet banking to extend its range of services to the customer and decrease the demand on branch personnel. However, the web site has been experiencing difficulties with a slow response rate to customer inquiries. Demand for the Internet service has also been much lower than expected. As operations manager the company requires your view on the following issues: Questions 1. Explain the competitive consequences of ‘pulling out’ of internet banking...
1. Please define A, B, H, N, S shares in the Chinese stock market. 2. What...
1. Please define A, B, H, N, S shares in the Chinese stock market. 2. What is a volume of China’s interbank bond market in 2014 and 2015. 3. If you put ¥100 in a bank, how much will it be worth in 10 years? Suppose the interest rate is constant at 4%. 4. Suppose you will receive 1000 Yuan in 5 years, what is the present value of this 1000 Yuan if the interest rate is constant at 5%?...
INTERNATIONAL MARKETING Case Study Coping With Corruption in Trading With China Corruption is on the rise...
INTERNATIONAL MARKETING Case Study Coping With Corruption in Trading With China Corruption is on the rise in China, where the country’s press frequently has detailed cases of, and campaigns to crack down on, corruption. Indeed, China has been rated by Transparency International as #41 of the 52 countries the German organization rates on its “Corruption Perception Index.” Denmark is rated the least corrupt at #1 and Nigeria as the most corrupt at #52. Corruption’s long arm now is reaching out...
Question 1 You are responsible for managing a US toy manufacturer. Recently your market share has...
Question 1 You are responsible for managing a US toy manufacturer. Recently your market share has dropped dramatically due to strong pricing competition from a China toy manufacturer. What could the US toy manufacturer do to offset this? What kind of help could the US toy manufacturer seek? Question 2 (4 points) The Canadian dollar per U.S. Dollar spot rate today, 3/1/2017 is 1.3500 / 1.3525 Canadian dollars per U.S. Dollar. The spot rate on 2/1/2017 was 1.3435 / 1.3450...
You are the Cookie division controller for Auntie M's Baked Goods Company. Auntie M recently introduced...
You are the Cookie division controller for Auntie M's Baked Goods Company. Auntie M recently introduced a new chocolate chip cookie brand called Full of Chips, which has more than twice as many chips as any other brand on the market. The brand has quickly become a huge market success, largely because of the number of chips in each cookie. As a result of the brand's success, the product manager who launched the Full of Chips brand has been promoted...
Chinese Maker of Ivanka Trump’s Shoes Looks for Cheaper Labor By KEITH BRADSHER (Links to an...
Chinese Maker of Ivanka Trump’s Shoes Looks for Cheaper Labor By KEITH BRADSHER (Links to an external site.)Links to an external site., JUNE 1, 2017 DONGGUAN, China — The Chinese factory workers who make shoes for Ivanka Trump (Links to an external site.)Links to an external site. and other designers gather at 7:40 every morning to sing songs. Sometimes, they extol worker solidarity. Usually, they trumpet ties between China and Africa, the theme of their employer’s corporate anthem. That’s no...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT