What is driving the explosion of Chinese exports, which hit almost $4tn last year? That question is creating deep angst among non-Chinese policymakers amid fears of a second “China shock”.
It is an issue I have been considering myself recently, having just crossed China in an electric vehicle Silk Road convoy, where I saw up close the startling quality of its EVs, green tech and artificial intelligence. Witnessing all that, it is hard not to worry about how others will compete.