India, Jan. 11 -- Over the years, there has been many whispers about many Chinese products for export being dumped. Importers often wondered: how else can they supply so many products so cheaply? But the greed for cheapness stopped them from stretching their whispers to leave alone protests, but even to gossip. Last their own governments woke up to ban such imports.

To the credit of the Chinese shrewdness, they did not under-price their export goods directly or in any way obviously. A cousin of mine visited the Yellow Kingdom to find out whether he could set up a shop in that country and profit. For a foreigner, he found, it was not so lucrative. All the money required to set up and run the business had to be taken from India. He could n...