China Shock 2.0 Looms as Global Markets Adjust to Manufacturing Surge
China’s rapid manufacturing expansion threatens local industries around the world. Economists express concerns about a new wave of ‘China shock’ affecting various markets. However, this phenomenon may differ from past experiences. For many economies already burdened by high inflation, lower prices from China could help ease financial pressures. Businesses and consumers alike should consider both the risks and benefits associated with this potential influx of cheaper goods.