cheaper petrol

[Dryce]

That is not true or China would be permanently in court. Dumping involves selling goods or services at a loss.

Loads of firms sell goods at below the average market value and still make a profit. Cheaper brands do it all the time.

The Chinese situation is not completely straightforward.

The economy/gov has in effect manipulated currency and labour rates to undercut other economies. There has been consistent criticism in the west and more respectfully in SE Asia that the Yuan has been undervalued for well over a decade.

At the same time the west became besotted with China.

And the Chinese population might ask their gov as to why they have so much in the way of surpluses invested in the US and west while their own standard of living are in relative terms still very low.

 

[hawk20]

So following your logic, oil at ~$70 equals £1 per litre at the pumps

Then oil at $140 equals £1.25 per litre (last August).

Something way more whack than a 40 cent adjustment in the exchange rate causes that, my friend...

No. First you need to take the tax out of the price. Then adjust the remainder by exchange rate changes. Then adjust the tax bit by the changes in taxation that have occurred over the period you are looking at. In one of the many threads on this topic someone posted the formula and it gives a pretty good fit to actual prices.

 

[flango]

That is not true or China would be permanently in court. Dumping involves selling goods or services at a loss.

Loads of firms sell goods at below the average market value and still make a profit. Cheaper brands do it all the time.

I'm talking about industrial commodities, Acids, chemicals etc and it does apply to China and they are frequently in EU Court some Chinese suppliers have now been blocked from supplying into the EU.

Dumping is classed as selling well below normal market value in these instances.

I dont thnk this is the case with white goods, food substances, clothing etc.. though which you may be refering to.

Antidumping legislation and monitoring is complex but more details can be found HERE