Selling goods is not easy if you have to compete with this two cheap power houses in India and China. If you sell at USD100, they will beat you to half of the price. They are so daring in doing that. How do they do that? Only they themselves knows.
Some people do say that China are receiving subsidies from their government. That is why they are able to undercut others by offering cheap price. If that statement is right, how about India. I don’t think Indian government will give subsidies as a lot of their people are starving and begging on the street. So, from where or what method they use in reducing their operational costs and still offering cheaper than others price. Maybe it’s because they have abundants of cheap labours . Can anybody help me to answer this..?/ Thank you.