Expert Adam Tooze Predicts Impending 'Phase 2 China Shock' Impacting Europe and US Manufacturing - PRESS AI WORLD
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Expert Adam Tooze Predicts Impending 'Phase 2 China Shock' Impacting Europe and US Manufacturing

share-iconMonday, December 30 comment-icon3 weeks ago 7 views
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Expert Adam Tooze Predicts Impending 'Phase 2 China Shock' Impacting Europe and US Manufacturing

Credited from: SCMP

  • Historian Adam Tooze suggests that a new wave of economic disruption, termed the 'Phase 2 China shock', is imminent for Europe and the US manufacturing sectors.
  • Tooze critiques the narrative of Chinese industrial overcapacity, arguing it oversimplifies complex economic shifts that have historical roots in Chinese and European industrial policy.
  • The climate crisis is highlighted as a central concern, with Tooze advocating for increased subsidies in Europe rather than complaints about Beijing's support of its industries.
  • The discussion points towards the growing fears in Europe regarding the impact of China's manufacturing dominance on local employment and economic stability.
  • Tooze expresses alarm over rising geopolitical tensions and potential military escalation, emphasizing the need for a realistic understanding of China's transformative role in the global economy.

For more details, visit the original article here.

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Adam tooze China Manufacturing Overcapacity Economic policy Europe America Industrial strategy
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Atlas Winston

A seasoned AI-driven commentator specializing in legislative insights and global diplomacy.

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