Stopping the next China shock: A collective strategy for countering Beijing’s mercantilism
By: Friedberg, Aaron L
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Material type: 
BookPublisher: Foreign Affairs Description: 103(5), Sep-Oct, 2024: p.177-189.Subject(s): International Economics, China Shock, Mercantilism, Subsidized Exports, Global Markets, Manufacturing Disruption, Trade Policy, Supply Chains, Electric Vehicles, Lithium Batteries, Semiconductors, De-Risking Economies, Geopolitics, Post-Pandemic Recovery
In:
Foreign AffairsSummary: Twenty-five years after the first “China shock,” when a surge in Chinese exports disrupted manufacturing and industrial sectors worldwide, Beijing has again begun to flood global markets with heavily subsidized goods and materials. These range from traditional products such as metals and textiles to advanced technologies including electric vehicles, lithium batteries, and semiconductors. For economically advanced countries, this influx threatens to destabilize emerging technology sectors and undermine post-pandemic strategies to “de-risk” economies by diversifying supply chains away from China. The article argues for a collective international strategy to counter Beijing’s mercantilist practices, highlighting the need for coordinated trade policy, industrial resilience, and geopolitical alignment to safeguard economic stability. Twenty-five years after the beginning of the first so-called China shock, when a surge in Chinese exports disrupted manufacturing and industrial sectors worldwide, Beijing has again begun to flood global markets with a wave of heavily subsidized manufactured goods and materials—including everything from metals and textiles to more cutting-edge products such as electric vehicles, lithium batteries, and semiconductors. In more economically advanced countries, this influx threatens to upend emerging technology sectors and derail post-pandemic plans to “de-risk” economies by shifting supply chains away from China. – Reproduced
https://www.foreignaffairs.com/china/stopping-next-china-shock-friedberg
| Item type | Current location | Call number | Vol info | Status | Date due | Barcode |
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Articles
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Indian Institute of Public Administration | 103(5), Sep-Oct, 2024: p.177-189 | Available | AR133253 |
Twenty-five years after the first “China shock,” when a surge in Chinese exports disrupted manufacturing and industrial sectors worldwide, Beijing has again begun to flood global markets with heavily subsidized goods and materials. These range from traditional products such as metals and textiles to advanced technologies including electric vehicles, lithium batteries, and semiconductors. For economically advanced countries, this influx threatens to destabilize emerging technology sectors and undermine post-pandemic strategies to “de-risk” economies by diversifying supply chains away from China. The article argues for a collective international strategy to counter Beijing’s mercantilist practices, highlighting the need for coordinated trade policy, industrial resilience, and geopolitical alignment to safeguard economic stability. Twenty-five years after the beginning of the first so-called China shock, when a surge in Chinese exports disrupted manufacturing and industrial sectors worldwide, Beijing has again begun to flood global markets with a wave of heavily subsidized manufactured goods and materials—including everything from metals and textiles to more cutting-edge products such as electric vehicles, lithium batteries, and semiconductors. In more economically advanced countries, this influx threatens to upend emerging technology sectors and derail post-pandemic plans to “de-risk” economies by shifting supply chains away from China. – Reproduced
https://www.foreignaffairs.com/china/stopping-next-china-shock-friedberg
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