China Shock 2.0: Western Concerns Over China's Manufacturing Dominance
The narrative of 'China Shock 2.0' has emerged as China's manufacturing capabilities continue to expand beyond low-value goods to include advanced products like cars, batteries, and electronics. This shift has prompted protectionist responses from Western countries, particularly the United States and Europe, which view China's growing export dominance as a threat to their industrial bases. The term 'China Shock' originally described the economic disruption caused by China's entry into the World Trade Organization in 2001, which led to an influx of cheap Chinese goods into Western markets. The current wave of concern reflects fears over China's increasing share of global manufacturing, projected to reach 45% by 2030. 
