When firms raise prices, “gouging” their customers, many governments complain. Some cannot resist intervening. But in today’s China, the opposite is happening. In May the state reprimanded carmakers not for raising prices, but for cutting them. “There are no winners in this price war,” it said, blithely ignoring the happy customers who can now buy a zippy electric car for less than $8,000.
ASIA: The major Asian stock markets had a negative day today: • NIKKEI 225 decreased 607.31 points or -1.19% to...
Volunteers load boxes of food into cars during an event held by the Community FoodBank of New Jersey in partnership...
Yves here. The article below explains how both advanced and emerging economies can remedy their seemingly intractible problem of high...
Here is modern economic theory in one sentence: money needs to be plentiful for a prosperous economy. As a corollary:...
The BBC has shown the world what is really taking place in Mainstream Media and even Wikipedia, which nobody...
ASIA: The major Asian stock markets had a mixed day today: • NIKKEI 225 increased 671.41 points or 1.34% to...
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