The world is in for another China shock

(Image: Getty)

Tue, 05 Mar 2024

By Jason Douglas In the late 1990s and early 2000s, the US and the global economy experienced a “China shock”: a boom in imports of cheap Chinese-made goods that helped keep inflation low but at the cost of local manufacturing jobs. A sequel might be in the making as Beijing doubles down on exports to revive the country’s growth. Its factories are churning out more cars, machinery and consumer electronics than its domestic economy can absorb. Propped up by cheap, state-directed loans, Chinese companies are glut...

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