The South Korean government recently issued a tender for 45,000 tons of snow-melting calcium chloride, opening the opportunity to Chinese companies. The initial bid price was set at $150 per ton. However, the six largest calcium chloride producers in China, along with the China Calcium Chloride Industry Association, negotiated a price of $125 per ton. Despite this, one Chinese company secretly signed a deal with the Korean side at just $100 per ton, delivered on a CIF basis. This unauthorized agreement led to losses amounting to tens of millions of yuan. When the incident was revealed by the media, public anger was inevitable. As someone who read the news, I was deeply upset by the blatant violation committed by the company. But what surprised me even more was that, after the scandal broke, the company involved—clearly breaking the rules and disregarding national interests—faced no consequences. This left me confused and questioning the integrity of the system.
My main concern is that such actions not only harm competitors but also damage the broader industry and national interests. In today’s complex international environment, the consequences of such behavior are far more serious than they appear. Imagine if a foreign buyer, having obtained an unfairly low price, later accuses China of dumping and claims that China is not a "fully market-oriented economy." This could lead to trade disputes, tariffs, or other retaliatory measures that would cost China far more than just the loss from this single transaction. The real threat lies in how such incidents can be used against China on the global stage, undermining its economic credibility and long-term interests.
In my view, we must not turn a blind eye to such violations. At the same time, the government should act swiftly to establish clear laws and regulations that prevent such situations from happening again. It's essential to ensure that the system is protected from opportunistic behavior that puts national interests at risk. Only through stronger oversight and legal frameworks can we safeguard both corporate accountability and the country’s broader economic standing.
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