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| Topic: |
Business
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| Number of pages / Number of words: |
3 / 600 |
Essay's paper body
In just three years, TV makers from China grabbed one third of the high-end market, about $350 million of business. This caused many US manufacturers to close. One plant, Five Rivers Electronics, fought the influx of Chinese TVs and filed a trade complaint, charging the Chinese with dumping high-end TVs onto the American market, selling at below free market cost...
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The Chinese TV makers fought vigorously against the case, but the president of Five Rivers Electronics did not expect to fight Wal-Mart as well. Wal-Mart spent a lot of time and effort at the International Trade Commission hearings, testifying against Five Rivers and the case.
While Wal-Mart is keeping the consumer happy with lower prices for quality products, the global retailer forces American jobs overseas and destroys its competitors...
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