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26 August 2026 at 3:36 am
Summary
Apollo chief economist Torsten Slok warns that "China Shock 2.0" is underway, characterized by China's increasing export of high-tech goods like EVs and semiconductors, posing a new threat to American companies. Unlike the first "China Shock" focused on cheap consumer goods, this new phase involves China competing in higher-value industries and producing its own inputs, impacting global trade dynamics.
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