A new wave of economic disruption from China is unfolding, but this time it differs sharply from the earlier "China shock" of the 2000s. While the first wave centered on manufacturing job losses and trade imbalances, the current shift involves a broader restructuring of global supply chains, technological competition, and geopolitical tensions. Experts warn that the impact may be more far-reaching, affecting industries beyond traditional manufacturing and reshaping economic dependencies worldwide. The evolving nature of China’s role in the global economy demands closer scrutiny of how businesses and governments are adapting—or failing to—to these changes.
For a host of reasons, China shock 2.0 looks nothing like its predecessor in the 2000s
