China shock 2.0 is a real economic earthquake
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Source: The Japan Times
Published: 2026-06-23 11:45 UTC+10:00
Section: COMMENTARY
Factuality Score: 95
Opinion Category: Neutral
Topics: Business, Asia, Europe, Natural Disasters, China, Labour & Workers, Trade & Sanctions, World News, Business & Economy, Environment & Climate, Asia Pacific
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Snippet:
Ten years ago, economists Gordon Hanson, David Autor and David Dorn identified what they called “the China shock.” That referred to the supercharged economic growth in China triggered by its entry into the World Trade Organization in 2001 and the access to U.S. and European markets that followed. The ensuing flood of low-cost imports is reckoned to have cost 2.4 million U.S.
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