China doesn't sell below marginal cost. They sell below average cost, ie cost including recoupment of fixed costs. They've structured their economy that way, because externalities of production mean its best to treat fixed costs as partially a public good. drafts.interfluidity.com/2024/08/13/c... 1/

We recognize that to a degree. We don't think it's weird that states will pay to build a new road, in order to support a new factory and lots of jobs. Why then is it weird if they pay in part for building the factory? What fundamentally is the difference? /fin