"Econ 102" with Noah Smith and Erik Torenberg cover image

Preparing for a Second China Shock and Bad Economists with Brad DeLong

"Econ 102" with Noah Smith and Erik Torenberg

NOTE

Anticipate the Coming Shock

China is poised to increase its exports of manufactured goods globally, driven by a strong ideological resistance to boosting domestic consumption among private individuals. Simultaneously, there is a significant reluctance to sustain current levels of construction and allow Chinese citizens to consume services from the consumer internet sector. This mindset suggests an impending economic shift, often referred to as 'China shock two', which could have far-reaching implications for the global market.

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