Wang Dan, an analyst from The Economist Intelligence Unit, spoke to CGTN about how to tackle the complaints some developed countries have over cheap Chinese imports hurting their domestic manufacturing sector. Wang says that steel and similar products made in the US are not as competitive as those in China, which still has a labor-cost advantage and government subsidies. For the US, which has an edge in advanced manufacturing, benefit from China's cheaper imports. So claiming China's imports hurt their manufacturing industry is unfounded.
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