UBS On-Air: Paul Donovan Daily Audio 'The disappearance of dumping'

The rise of economic nationalism has encouraged a rise in accusations of export “dumping” (selling at a loss in foreign markets)—and China has been specifically accused of this. China’s official industrial profit growth data, if accurate, argues against general export dumping. Profits growth accelerated in July, and with domestic demand lackluster some of this must be due to exports. Accelerating profit growth is not compatible with dumping.