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Manila Times Business

China Shock 2.0: Surging Chinese exports threaten Europe's economy, raising concern at G7 summit

WASHINGTON — For eight years, the United States has waged economic war on China, slapping big taxes on Chinese products before they enter America. But the campaign hasn't dented China's industrial prowess. The world's second biggest economy is exporting more products than ever. It's just redirecting them away from the U.S. tariff wall and toward more open markets in Europe and elsewhere in Asia. The shift in Chinese trade risks creating a European sequel to the China Shock that wiped out h

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Source: manilatimes.net

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