Surplus Bicycles

I don’t suppose that there is any connection with the recent Chinese appetite for purchasing cars, but apparently China and Vietnam are about to be accused of dumping their unwanted bicycles on Europe:

The European Union is expected to levy next month swingeing anti-dumping tariffs on bicycle imports from China and Vietnam in an attempt to put the brake on cheap imports. European manufacturers claim imports from Vietnam have risen from 150,000 five years ago to 1.5m in 2004, while China exported up to 2m bicycles to the the EU last year, despite a tariff of 30.6 per cent already in place.

T-shirts, pants, slippers, sandles and push-bikes, are these really strategically important industries for the EU?

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About Edward Hugh

Edward 'the bonobo is a Catalan economist of British extraction. After being born, brought-up and educated in the United Kingdom, Edward subsequently settled in Barcelona where he has now lived for over 15 years. As a consequence Edward considers himself to be "Catalan by adoption". He has also to some extent been "adopted by Catalonia", since throughout the current economic crisis he has been a constant voice on TV, radio and in the press arguing in favor of the need for some kind of internal devaluation if Spain wants to stay inside the Euro. By inclination he is a macro economist, but his obsession with trying to understand the economic impact of demographic changes has often taken him far from home, off and away from the more tranquil and placid pastures of the dismal science, into the bracken and thicket of demography, anthropology, biology, sociology and systems theory. All of which has lead him to ask himself whether Thomas Wolfe was not in fact right when he asserted that the fact of the matter is "you can never go home again".