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Features Australia

China shock 2.0

Xi is in for a major jolt

6 July 2024

9:00 AM

6 July 2024

9:00 AM

In 2013, three economists published a 154-page study in American Economic Review headlined ‘The China Syndrome’ that analysed ‘local labour market effects of import competition in the US’, to give the rest of the title. To no surprise, the study found a surge of 1,156 per cent in Chinese imports from 1990 to 2007 cost about two million US jobs, reduced wages in import-competing industries and forced greater government transfers to victim communities.

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