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U.S. Officials Jet to Beijing Amid Flood of Cheap Chinese Exports

In talks, Washington intends to highlight concerns over China’s manufacturing overcapacity

The U.S. group  will seek to build on the warnings expressed by Treasury Secretary Janet Yellen during her April visit to China that the output by China’s enormous manufacturing machine has gotten too large for the world to absorb.

The fear shared by Washington, Brussels and other capitals is that a wave of Chinese exports, often made with the help of state subsidies, could overwhelm their own industries, leading to job losses and business closures 

in a repeat of the so-called China shock, when Chinese exports such as steel disrupted global markets at the start of the 21st century.

This time, the stakes are higher for many in the developed world, as China is aiming its policy directly at the heart of the industries the West wants to foster itself, such as electric vehicles and renewable energy.

Wall Street Journal 17 September 2024

https://www.wsj.com/world/china/u-s-officials-jet-to-beijing-amid-flood-of-cheap-chinese-exports-e46ff4e3

China Shock 2.0 Sparks Global Backlash Against Flood of Cheap Goods

Emerging economies join U.S. and Europe in shielding domestic manufacturers from a rising tide of Chinese imports

To revive its economic fortunes, China is flooding the world with cheap goods, a multitrillion-dollar sequel to the China shock that hit global manufacturing more than two decades ago. 

This time around, the world is fighting back.

The U.S. and European Union are threatening to raise trade barriers to Chinese-made electric vehicles and renewable-energy gear. 

Wall Street Journal 5 April 2024

https://www.wsj.com/world/china/china-shock-2-0-sparks-global-backlash-against-flood-of-cheap-goods-d394238b

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