News  Sources

The Second 'China Shock'

Chinese exports are increasingly being redirected from the United States and Europe to developing countries, resulting in significant economic and social impacts. As tariffs in the West have limited access to their markets, China has not only increased exports to countries in Asia and Africa but has also established factories in these regions. This shift, dubbed the 'second China shock,' is causing job losses and factory closures in industries unable to compete with cheaper Chinese goods, with Indonesia and Malaysia among the hardest hit. The influx of Chinese products and manufacturing is fueling unemployment, economic instability, and social unrest in several developing nations, raising concerns about the long-term consequences for their economies and societies.

Original article source: https://www.nytimes.com/2025/12/08/world/china-trade-asia-gaza-thailand-cambodia.html
Source Id: 2025-12-916885013

share this article:  

Our mission is to provide you with up-to-date, concise news from multiple sources in one place, keeping you informed about Israel.
 
Hit 'Subscribe' to get the latest curated news about Israel delivered daily to your inbox