As various countries continue to inject capital to stabilize the stock market, changes in the stock market have become very elusive, and the amplitude of rises and falls is dizzying.

Central banks in Europe and the United States, which were closely watching changes in stock and financial markets and were ready to make up for any leaks at any time, were suddenly baffled and angered by China's actions.

On August 13, the Ministry of Commerce of China announced that after complaints from Chinese car companies, it decided to investigate Porsche cars for unfair competition and profiteering dumping, and may impose countervailing duties of 38% and anti-dumping duties of 26% on Porsche.

Today's Porsche is not the luxury car that wealthy people clamored to order after 2010. Things like waiting a year or adding 200,000 yuan to pick up the car existed. It existed in 2013, but sales are still booming.

Today, the sales of Porsche in China have not increased at all. The first reason is that it is too expensive, and the road surface and actual conditions in China do not allow it. The second reason is that the Internet era has not really arrived yet, and Chinese people generally still have high standards for luxury cars.

BMW and Mercedes-Benz, and the third reason is that China has not yet entered the era of real estate market bubbles, and there have not been many rich people who have rapidly exploded due to real estate.

The third one is the most important element. In the future, not only Porsche will benefit, but even brands like Land Rover, which were sold to the Tata Group of India, will make a lot of money because of the super hot Chinese market.

So that in 2013, Saab SAAB, which had been swept into the garbage heap, was also preparing to resume production of high-end sedans to seek rebirth in the Chinese market.

All right.

That's just the future.

For now, Porsche's market in China has only opened up a little, and sales are not many. Even the cost of laying channels is higher than their profits in the past two years.

The announcement from the Chinese Ministry of Commerce was a bolt from the blue for Porsche. They didn’t even know who they had offended. Why did the Chinese government inexplicably attack them?

Chinese consumers who have not fully understood the charm of Porsche have been very cautious about the price of Porsche. Now that the price is increased by at least RMB 50, who would dare to buy it?

For a time, Porsche's public relations department immediately launched an emergency plan and prepared to go to the Chinese government to inquire about the news.

But then they discovered that China's General Administration of Customs had issued a notice that Porsche cars would not be allowed to enter China in the near future. If they did not want to be detained, they could transport them back themselves.

This suddenly made their hearts bleed. They could negotiate to increase the selling price, but you are not allowed to sell it and I am not allowed to sell it. What do you mean, kill them all?

When the news reached Germany, the German business and political circles, which had no favorable impression of China, immediately launched a bombardment against the Chinese Ministry of Commerce.

Of course, there are deeper reasons for this.

Porsche is actually a very large consortium. Their debt to major banks alone exceeds about 10 billion U.S. dollars. If they fail to develop in emerging markets like China, it is likely to cause a huge disaster.

.

The two families that control the Porsche Group are both well-known families in Germany, with deep financial and business resources. In addition, Porsche's bond banks are adding fuel to the fire, so they quickly promote the news media's bombardment of the Chinese government. That is

A piece of cake.

Europeans and Americans all know that the Chinese government does not like to confront them head-on. Usually if the fight becomes more aggressive, the Chinese government will give in.

However, this time the Chinese government's methods were beyond their imagination.

Just the next day, August 14, when the three major central banks of the United States, Europe, and Japan once again announced that they would inject a total of US$72 billion in assets to rescue the market, China's Ministry of Commerce, which was at the center of the storm, stepped forward again.

“In view of the EU’s long-term dumping of wine, whiskey and other alcoholic beverages from China, illegal monopoly operations of automobiles, aircraft and parts, and unfair competition in the shipbuilding and other manufacturing industries, the Ministry of Commerce of China has based its decision on relevant industries in China.

According to the appeal, it was decided to conduct anti-dumping investigations on the above-mentioned EU industries, and the tax rate is expected to be no less than 62.88-115.35.

According to the current reality, the Chinese government has also received requests from various industries such as olive oil, food, agricultural products, cosmetics, watches, etc. We will also pay close attention to the industries in the above-mentioned EU countries. Once it becomes de facto dumping

and unfair competition, we will immediately launch an anti-dumping investigation.

The Chinese government and people both hope that excellent products from various countries will be exported to our country and enrich the lives of our citizens, but they will never allow under the banner of doing evil things that undermine the survival of Chinese enterprises..."

After the spokesperson issued these announcements in front of 187 reporters, journalists from European and American media were extremely nervous.

Is there any mistake?

Shouldn't it be the Chinese government that gives in and apologizes?

Why has the double-counterfeiting investigation intensified?

You mentioned wine, as well as manufacturing industries such as automobiles, airplanes, and ships. This is indeed the case. However, the annual turnover of olive oil, agricultural products, cosmetics, watches and other industries exported to China is only a few billion euros. It is so small.

Regarding trade, do you want to be so exaggerated, do you want to be so crazy!?

Entering the reporter's question session, the arms were swung together, making the spokespersons above swallow their saliva.

But now that the matter had come to this, he had no choice but to comply with the leader's request.

The German reporter asked: "Excuse me, why is the Chinese government conducting such a large-scale anti-counterfeiting investigation and attacking such a wide area? Is it a conspiracy that has been planned long ago?"

The spokesperson smiled gently: "This is the conclusion reached by our long-term investigation. It was just a coincidence. There is absolutely no conspiracy theory... Next."

French reporter: "Our wine is of high quality and low price. Why are we treated like this? Do we have to sell it to you more expensively?"

The spokesperson smiled gently: "I think our country's small commodity industry, lighter industry, lighting bulb industry, etc., feel the same as you, because the EU has launched several rounds of anti-dumping investigations against them, and the reason is that they are of high quality and low price.

inexpensive."

Spanish reporter: "For a commodity as small as olive oil, why is there an anti-dumping investigation? You don't produce much olive oil, so what's hindering you?"

The spokesperson smiled gently: "Because we want to import olive oil from more countries, but your dealers told us that Spain and Portugal have the best olive oil, and they will not import others. So we think you are right

Dealers have price subsidies and benefit-linked benefits.”
Chapter completed!