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A Second China Shock, With Brad Setser

The President’s Inbox

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The Second China Shock: Causes and Consequences

This chapter explores the causes and consequences of the Second China Shock, following the original impact when China joined the WTO. It discusses the significant reduction in US manufacturing jobs due to China's rapid export growth and the long-lasting effects on the economy. The conversation also delves into China's industrial policies and targeted investments in key sectors, shaping global competition.

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