Alicia García‑Herrero

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388 appearances 1 recordings 1 series first heard Aug 2026 last heard 6 Aug

Alicia García‑Herrero’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 1 in all, peaking in Aug 2026 with 1.

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Pekingology · Inside China's Dual Economy · 6 Aug 2026 podcast

And on top of that, they will always want to export.

Why?

Because on average, the margin is double.

So the problem is always the local competition.

It's not the global competition.

It's the local competition.

So what will they want to do to export as much as possible?

So there, and you saw that in first half of 2025, export prices in China fell to 10 percent.

So, you know.

Everybody was trying to export their way out because that was the only place where you could make money.

What this means to the world is that China's excessive, I won't call it irrational because it's not irrational, it's rational, excessive competition.

actually has an enormous consequence for the rest of the world because their only way to survive is the rest of the world.

So whatever happens in China in terms of this dual economy doesn't stop in China.

You know, it immediately translates to global imbalances.

Well, they took some very specific measures on, again, on the solar industry.

But my impression is that you cannot artificially lift prices because it just doesn't work.

The most obvious way to solve this problem is Schumpeter came up with a solution, not me.

And you just need to apply it, though, is to let the most inefficient companies go.

That's what you need to do.

So all of the percentages of some big companies that we have in another publication, you would need to see that coming down.

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