Podcasts about china shock

Hello!Today, we have the emotional return of Andy Liu, one of the founding hosts of the podcast, fresh from his trip to China. We talk China Shock 2.0, how to think about the country's high tech makeover, the hilarious robot olympics, and how the average Chinese worker thinks about the country's new frontier. Enjoy! This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit goodbye.substack.com/subscribe

Brad Setser follows Chinese trade closer than just about anyone else on earth, and he thinks we're in the early days of a China Shock 2.0. The first China Shock was when China came to dominate low-end manufacturing in the 2000s, filling American shelves with cheap clothes, toys and electronics, while devastating American factory towns. This new China Shock could be even more destabilizing. China now dominates advanced manufacturing: electric vehicles, batteries, solar panels. It's outcompeting nearly all high-end manufacturing around the world, and other countries are just starting to feel the pain. And China isn't slowing down. It's moving into software, too. Its frontier A.I. models are neck and neck with American ones. China's success poses a serious threat to the economies and domestic politics of countries around the world. So what should those countries do about it?  Setser is a senior fellow at the Council on Foreign Relations.He served in top trade and economic roles in the Biden and Obama administrations. And he is widely cited across the field as one of the top analysts of China's economy and trade practices. Book Recommendations: The Party by Richard McGregor The Volatility Machine by Michael Pettis How to Win a Trade War by Soumaya Keynes and Chad Bown Thoughts? Guest suggestions? Email us at ezrakleinshow@nytimes.com. You can find the transcript and more episodes of “The Ezra Klein Show” at nytimes.com/ezra-klein-podcast. Book recommendations from all our guests are listed at https://www.nytimes.com/article/ezra-klein-show-book-recs.html This episode of “The Ezra Klein Show” was produced by Rollin Hu. Fact-checking by Michelle Harris, with Kate Sinclair, Mary Marge Locker and Julie Beer. Our senior engineer is Jeff Geld, with additional mixing by Johnny Simon. Our recording engineer is Aman Sahota. Cinematography by Marina King and Kyle Kelley. Video editing by Dani Dillon and Brandon Belk-Yee. Our executive producer is Claire Gordon. The show's production team also includes Marie Cascione, Annie Galvin, Kristin Lin, Emma Kehlbeck, Jack McCordick and Jan Kobal. Original music by Pat McCusker. Audience strategy by Shannon Busta. The director of New York Times Opinion Shows is Annie-Rose Strasser. Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-access/audio?source=podcatcher. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Czy polska gospodarka przyspieszyła w drugim kwartale i co pokażą najnowsze dane o inflacji? W dzisiejszym PB Brief sprawdzamy też, czym jest China Shock 2.0 — czyli nowy etap chińskiej ekspansji, w którym za granicę trafiają już nie tylko towary, ale także fabryki, kapitał i technologie.Mówimy również o ORP Wicher i programie Miecznik wartym około 15 mld zł, sytuacji na rynkach oraz o rekordowym deficycie budżetowym USA.https://www.pb.pl/orp-wicher-ochrzczony-bedziemy-miec-okrety-jak-royal-navy-1265469https://www.pb.pl/najwiekszy-wlasny-okret-niepodleglej-polski-1265491Na koniec rozmowa z Grzegorzem Suteńcem o wstępnym porozumieniu Zygmunta Solorza z dziećmi i przyszłości jednego z największych prywatnych holdingów w Polsce.

Barry Eichengreen is a is well known author, economist, and economic historian from the University of California, Berkeley. Paul Blustein is a former Washington Post and Wall Street Journal journalist who has authored several acclaimed books on global economic institutions. Brendan Greeley is a veteran journalist from the Financial Times and current PhD student at Princeton studying monetary history. They all return to the show for a special roundtable discussion where they discuss the history of dominant currencies, whether we will always end up with a single reserve currency, whether monetary sovereignty is earned or given, the question of exorbitant privilege, what there is to do about a second China Shock, the future of dollars in the digital age, and much more. Watch the full length video on our new YouTube Channel! Check out the transcript for this week's episode, now with links. Recorded on May 11th, 2026 Subscribe to David's Substack: Macroeconomic Policy Nexus Follow David Beckworth on X: @DavidBeckworth Follow Barry Eichengreen on X: @B_Eichengreen Follow Paul Blustein on X: @PaulBlustein Follow Brendan Greeley on X: @BHGreeley Follow the show on X: @Macro_Musings Check out our Macro Musings merch! Timestamps 00:00:00 - Intro 00:02:01 - On Each Author's Book 00:11:12 - Globally Dominant Currencies 00:25:37 - Single Reserve Currency 00:28:34 - Fed's Control Over Global Dollar System 00:38:39 - Exorbitant Privilege 00:46:30 - China Shock 2.0 00:49:23 - Future of the Global Dollar System 00:58:16 - Outro

China has called for a comprehensive, objective and fair view of capacity issues, warning that protectionism would pose long-term risks to global growth, according to a document released by the Ministry of Commerce on Tuesday.周二，商务部发布一份文件称，中方呼吁全面、客观、公正看待产能问题，并警示保护主义将给全球经济增长带来长期风险。Titled "China's Position on the So-called Excess Capacity Issue", the document was issued to clarify relevant facts and set out China's policy stance on the matter, the ministry said.商务部表示，这份文件题为《关于所谓产能过剩问题的中方立场》，发布该文件旨在厘清相关事实，阐明中方在此问题上的政策立场。The rapid development of China's modern industries has been driven by innovation, while continued reform has underpinned their steady and sound performance, the document said.文件指出，中国现代产业的快速发展依靠创新驱动，持续深化改革为产业平稳健康发展筑牢根基。China's modern industrial development represents a "China Opportunity 2.0" for the world, rather than a "China Shock 2.0", it added.文件补充道，中国现代产业发展带给世界的是 “中国机遇 2.0”，而非所谓 “中国冲击 2.0”。Capacity issues should be viewed in their historical context and from a dialectical perspective, it said, calling on countries to uphold openness and cooperation, pursue mutual benefit and win-win outcomes and work together to resolve differences.文件称，看待产能问题应当立足历史背景、坚持辩证视角，呼吁各国坚持开放合作、追求互利共赢，携手化解分歧。Protectionism, by contrast, would only disrupt the global economic and trade order, undermine the security and stability of global industrial and supply chains, and hinder the sound and orderly development of industrial cooperation, the ministry warned.商务部警示，与之相反，保护主义只会扰乱全球经贸秩序，破坏全球产业链供应链安全稳定，阻碍产业合作健康有序发展。capacity /kəˈpæsəti/n. 产能；容量protectionism /prəˈtekʃənɪzəm/n. 保护主义dialectical /ˌdaɪəˈlektɪkl/adj. 辩证的industrial /ɪnˈdʌstriəl/adj. 工业的；产业的

Ich sage: Wer ständig vom China-Shock schwadroniert, ist in aller Regel arrogant, unwissend und dumm. Außerdem geht es um komische deutsche Professoren, Wissenschaft, AI und vieles mehr.

Despite decades of rapid Chinese growth, it's over the past year that European politicians have begun to talk of facing what's been dubbed the ‘China Shock 2.0' — as surging Chinese exports and the impact of higher technology Chinese growth increasingly affect the heartlands of European industry — particularly German car and machinery manufacturing. Germany's industrial output has fallen around 10% since 2022, and the country is estimated to be shedding some 10,000 industrial jobs every month; Volkswagen has just outlined up to 100,000 possible job cuts. Much of the blame has been placed on Chinese overcapacity, and what Europe sees as unfair subsidies and an overvalued Chinese yuan. And amid fears that job losses could further boost the rise of the far right in European politics, there have been calls for new import restrictions and higher tariffs on Chinese imports to Europe. The European Union and China have just begun three months of trade talks in an attempt to find a solution — but will Europe dare to take tough action in the face of China's stranglehold on sectors like rare earths and legacy chips — and is China prepared to compromise? Joerg Wuttke of the consultancy DGA Albright Stonebridge Group, for many years president of the European Union Chamber of Commerce in China, and former Vice President for China at the German chemicals giant BASF, discusses the roots of the crisis and the chances of finding a solution.Image © European Union, 2025 / CC BY 4.0For information about the SOAS China Institute Corporate Membership scheme, please contact SCI director Steve Tsang: steve.tsang@soas.ac.uk________________________________________The views and opinions expressed on this podcast are those of the speakers and are not necessarily those of the SOAS China Institute.________________________________________SOAS China Institute (SCI)SCI BlogSCI on XSCI on LinkedInSCI on FacebookSCI on Instagram________________________________________Music credit: Sappheiros / CC BY 3.0

Europe's automotive industry is facing a historic crisis as Volkswagen weighs unprecedented factory closures and massive job cuts. However, the root of the problem isn't just high energy costs or European bureaucracy—it's China Shock 2.0. With Chinese electric vehicle (EV) manufacturers building cars significantly faster and for thousands of euros less, traditional German automakers are rapidly losing market share both at home and abroad. This video analyzes the structural trade imbalances flooding the market with subsidized EVs, explains why laying off workers won't solve Volkswagen's €6,000 per-car cost gap, and examines whether new European Union tariffs will protect domestic manufacturing or simply trigger a costly global trade war.Patrick's Books:Statistics For The Trading Floor: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://amzn.to/3eerLA0⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Derivatives For The Trading Floor: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ https://amzn.to/3cjsyPF⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Corporate Finance: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://amzn.to/3fn3rvC ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Ways To Support The Channel:Patreon: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.patreon.com/PatrickBoyleOnFinance⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Buy Me a Coffee: https://www.buymeacoffee.com/patrickboyle

In an era marked by rapid global economic shifts and rising uncertainties, the concept of "China Opportunity 2.0" has emerged as a symbol of new possibilities for international trade and innovation.全球经济格局快速变革、不确定性持续攀升的当下，“中国机遇 2.0” 这一概念应运而生，成为国际贸易与创新发展全新机遇的象征。While some China doomsters have expressed "anxiety" over China's advances in technology and industrial innovation, even promoting the narrative of a so-called "China Shock 2.0" that groundlessly frames China's development as a "threat" to the global economy, the reality is that "China Opportunity 2.0", as Chinese Premier Li Qiang said last week, represents comprehensive innovation-driven empowerment and high-return investment prospects. Speaking at the 17th Annual Meeting of the New Champions of the World Economic Forum in Northeast China's coastal city of Dalian, Li underscored China's potential to offer high-return investment prospects and its fostering of mutually beneficial technological collaboration worldwide.部分唱衰中国的人士对中国技术与产业创新进步心存 “焦虑”，甚至炒作所谓 “中国冲击 2.0” 论调，毫无依据地将中国发展视作全球经济 “威胁”。但事实正如国务院总理李强上周所言，“中国机遇 2.0” 代表着全方位创新赋能与高回报投资前景。李强在中国东北沿海城市大连举办的第十七届世界经济论坛新领军者年会（夏季达沃斯论坛）上发表讲话，着重指出，中国具备提供高回报投资机遇的潜力，并致力于推动全球互利共赢的技术合作。The ongoing visit to China of David Eby, premier of Canada's British Columbia province, serves as a testament to the substantive appeal of "China Opportunity 2.0". Eby has stressed that the purpose of his trip is to strengthen British Columbia's ties with China as a strategic move to diversify the province's trade relationships.加拿大不列颠哥伦比亚省（卑诗省）省长尹大卫正在访华，此次行程充分印证了 “中国机遇 2.0” 实实在在的吸引力。尹大卫强调，此行旨在深化卑诗省与中国的联系，以此作为实现本省贸易多元化的战略举措。"We're seeking to reduce our reliance on the United States and obviously, Asian markets have been a major focus for us," Eby told the media last week before embarking on his first China trip on Saturday. This includes the goal of doubling trade to non-US markets within the next 10 years. "China will be part of that," he added.尹大卫上周六开启首次访华之旅前向媒体表示：“我们希望降低对美国市场的依赖，亚洲市场显然是我们的重点开拓方向。” 卑诗省计划未来十年将对非美市场贸易规模翻一番，他补充道：“中国将是这一布局的重要组成部分。”By targeting key sectors such as forestry products, energy — specifically liquefied natural gas development — and tourism, he is seeking to unlock new avenues for growth and job creation in British Columbia. This aligns with the principles of "China Opportunity 2.0", which emphasizes mutual benefits and shared development.尹大卫此行聚焦林产品、能源（重点为液化天然气开发）、旅游等核心领域，力求为卑诗省开辟全新增长路径、创造就业岗位，这与 “中国机遇 2.0” 倡导互利共赢、共同发展的内核高度契合。The visit follows Canadian Prime Minister Mark Carney's trip to China earlier this year, the first by a Canadian prime minister in eight years. Carney's visit laid the groundwork for the healthy development of China-Canada relations, with multiple cooperation agreements signed across trade, customs, energy, construction, culture and public security. Eby's trip builds on this momentum, signaling a proactive approach to deepening collaboration and exploring innovative opportunities. According to Canadian media, his itinerary includes Beijing, Shanghai and Guangzhou.此次访华紧随加拿大总理马克・卡尼今年早些时候的对华之行，这是八年来加拿大总理首次访华。卡尼访华为中加关系健康发展奠定基础，双方在经贸、海关、能源、基建、文化、公安等多个领域签署多项合作协议。尹大卫此行延续双边合作向好势头，释放出加方主动深化合作、挖掘创新合作机遇的积极信号。据加拿大媒体消息，尹大卫此行将到访北京、上海、广州三座城市。The strategic sectors targeted for collaboration are indicative of a balanced approach that prioritizes mutual benefits and sustainable growth.双方敲定的重点合作领域，体现出兼顾互利共赢、可持续发展的均衡合作思路。China-Canada relations have experienced ups and downs in recent years, but there are no territorial disputes or clash of fundamental interests between the two countries, and they can become partners for achieving mutual success.近年来中加关系历经起伏，但两国不存在领土争端，核心利益也无根本冲突，完全可以成为互利共赢的合作伙伴。This year marks the 56th anniversary of the establishment of diplomatic relations between China and Canada, as well as the 21st anniversary of the establishment of their strategic partnership. It is an important chance to reflect on the past and think about the future. Eby's visit shows that an objective and rational attitude toward China is conducive to strengthening cooperation with a positive and open spirit. Reinforcing this, Canada's Minister of International Trade Maninder Sidhu recently revealed in a media interview that he plans to meet with his Chinese counterpart this fall.今年是中加建交 56 周年，也是两国建立战略伙伴关系 21 周年，是回望过往、共谋未来的重要契机。尹大卫此次访华印证，以客观理性态度看待中国，秉持积极开放心态，才能持续深化双边合作。加拿大国际贸易部长曼宁德・西杜近日接受媒体采访时也透露，计划于今年秋季与中方贸易主管部门负责人会晤，进一步释放合作信号。Although certain Western policymakers have been drawn into the rhetorical vortex of a purported "China Shock 2.0", the evolving arc of China-Canada ties points to the emergence of a countervailing cohort of countries that chooses to assess the situation objectively and remains open to the considerable potential of "China Opportunity 2.0".尽管部分西方政策制定者深陷所谓 “中国冲击 2.0” 的舆论漩涡，但中加关系持续向好的发展轨迹表明，越来越多国家选择客观研判形势，主动拥抱 “中国机遇 2.0” 蕴藏的巨大潜力，形成与遏制论调相悖的主流声音。As Li put it in his speech at last week's Summer Davos, to overcome the global growth challenge, innovation-driven cooperation is imperative. To this end, countries should forge closer connectivity and collaboration by joining forces and pooling resources to innovate. China possesses a complete industrial system and well-integrated industry clusters, which underpin efficient, reliable production and supply chains for businesses worldwide. By rejecting the notion of a "China Shock 2.0", countries stand to capture the vast opportunities presented by China's dynamic economy and superlarge market.正如李强总理上周在夏季达沃斯论坛演讲中所言，想要破解全球经济增长难题，创新驱动的国际合作必不可少。各国应当携手聚力、整合创新资源，深化互联互通与产业协作。中国拥有完整工业体系与高度集聚的产业集群，能够为全球企业搭建高效稳定的生产供应链。摒弃 “中国冲击 2.0” 的错误论调，各国方能共享中国蓬勃发展的经济与超大规模市场带来的海量机遇。innovation /ˌɪnəˈveɪʃn/n. 创新；革新diversification /daɪˌvɜːsɪfɪˈkeɪʃn/n. 多元化；多样化imperative /ɪmˈperətɪv/adj. 必要的；势在必行的vortex /ˈvɔːteks/n. 漩涡；舆论旋涡

Last week in Brussels, EU leaders held their first sustained debate on China policy in three years, and were so wary of Beijing's reaction they wouldn't print the word “China” on the agenda. The trigger: a goods-trade deficit closing in on 360 billion euros, and, for the first time ever, all 27 member states in the red. Recorded at Summer Davos in Dalian, I sat down with economic historian Adam Tooze to ask why the panic, and why now. Polanyi, the Plaza Accord, “glut shaming,” a $1.2 trillion surplus, and what Europe and China each most need to understand about the other.04:26 – Why the alarm now? Imbalances are decades old, so what changed—and the shift from China slotting into Western supply chains to climbing the value chain07:04 – Karl Polanyi, the “double movement,” and how the European working-class question becomes the politics of right-wing populism11:21 – Autos as the core of the fight—12 million jobs—and why the Ukraine alignment gives the whole thing its moral charge for von der Leyen14:14 – “Glut shaming”: the accusation of illegitimacy baked into the Western framing, and how it lands on a Chinese ear18:16 – Wěiqu (委屈)—the swallowed sense of being wronged and why the EU should exercise a bit of cognitive empathy20:14 – Merz reaches for the 1985 Plaza Accord, and the empathy gap that lets a German politician miss what that signals in Beijing22:00 – The currency-manipulation argument, Germany's own history with the euro, and why Switzerland is the real manipulator25:49 – The $1.2 trillion surplus—”nothing we've ever seen before”—and the consumption China refuses to do26:12 – Sorting the sectors: solar, batteries, and EVs where resistance is futile, versus steel and shipbuilding as “Polanyi double-movement as cosplay”32:04 – The Draghi report and the house of mirrors: is China the cause of Europe's malaise or just the thing exposing a homegrown one?36:27 – If Tooze had von der Leyen's ear: investment-linked talks, phased protection with a clear exit, and “investment, investment, investment”41:16 – The October clock on the U.S.–China truce, and why this autumn could get very ugly43:09 – Closing advice: what Europe and Beijing each most need to understand if this ends in managed rebalancing rather than a trade warSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

In this episode of The Sound of Economics, Yuyun Zhan and Alicia García-Herrero invite Philippe Le Corre to examine the growing tensions at the heart of European Union-China relations. With China reporting a record $1.2 trillion trade surplus last year, European industries face intensifying competition across a far wider range of sectors than before, from chemicals and green tech to pharmaceuticals and, most visibly, the auto industry. They explore whether the EU's new trade instruments are up to the task, why member state fragmentation may be a bigger obstacle than Beijing itself and how the risk of Chinese retaliation constrains every move Brussels makes.Relevant research: García Bercero, I., B. McWilliams and S. Tagliapietra (2026) ‘The flaws in the European Union's proposed Industrial Accelerator Act and how to fix them', Policy Brief 10/2026, Bruegel This episode is part of the ZhōngHuá Mundus series of The Sound of Economics. ZhōngHuá Mundus is a newsletter by Bruegel, bringing you monthly analysis of China in the world, as seen from Europe. Sign up now to receive it in your mailbox!

The China Shock of the 1990s and 2000s remains, even now, the subject of much debate. American consumers benefited from the cheaper goods that were imported from China. Some American businesses also benefited from importing cheaper equipment that was made in China. But other American businesses suffered from the competition, shuttering factories throughout the Rest Belt and South. How bad was it? What was the overall effect on workers? How did workers and communities adjust? Today's episode is about the lessons of that shock for what might end up being a brand new shock: the AI Shock. Economists and many others are trying to figure out what it's going to mean if AI itself ends up becoming a new source of competition for American businesses and American workers. One such economist is Adam Ozimek, Chief Economist at the Economic Innovation Group. Adam is the co-author of a new analysis about the right and wrong lessons to take from the China shock for the strange world that we now find ourselves in. (You can find that post at agglomerations.eig.org, EIG's newsletter.)Adam speaks with Cardiff about the similarities and differences between the workers and towns affected by the two shocks, which characteristics matter most for people and places to become resilient to large shocks, how to think about automation and the collection of tasks that make up a job, and much more. Related links: Agglomerations Messy Jobs, by Luis Garicano

האם אירופה בדרך למלחמת סחר היסטורית מול סין? בפרק סולו  הזה אני מסביר למה האירופאים בפאניקה מ"הלם סין 2.0". אנחנו מדברים על ההצפה של השוק האירופאי ברכבים חשמליים וטכנולוגיה סינית מסובסדת, על חוקי המגן הדרמטיים שבריסל מקדמת ברגעים אלו ממש, על בנק המטרות שסין מכינה לתגובה - ואיך מארג של אינטרסים סותרים ישפיעו על היחסים בין סין והיבשת שהיא יעד ייצוא קריטי שלה להזמנת הרצאה של ״להבין את סין״https://aboutchina.co.il/lectures-and-workshops/מוזמנים לעקוב גם אחרי העדכונים השוטפים על סין:בפייסבוק  https://www.facebook.com/groups/aboutsinבטלגרם https://t.me/sinpod8בטוויטר/אקס  https://x.com/yuval_weinreb

De volgende fase van de drone-oorlog in Oekraïne | Kan Iran tolheffen in de Straat van Hormuz? | EU-uitbreiding als geopolitiek project HET ZIJN DE BOEKESTIJN EN DE WIJK OVERSTAPWEKEN! Word lid van Boekestijn en De Wijk Plus voor reclamevrij luisteren, vele extra's en straks ook voor de zaterdaguitzending (sorry). Ga naar Boekestijnendewijk.nl, met de kortingscode NAVO luistert u voor maar €25 een heel jaar op uw favoriete podcast-app. De droneoorlog in Oekraïne creëert een dodelijke kill zone die het slagveld voor aanvallers vrijwel onbegaanbaar maakt. Arend Jan Boekestijn en Rob de Wijk schetsen hoe zowel Rusland als Oekraïne alles uitschakelen wat beweegt, en waarom NAVO-landen langs de oostflank nu koortsachtig werken aan dronemuren, mijnenvelden en gelaagde luchtverdediging. Ze benoemen de technologische wapenwedloop rond lasers en antidronesystemen, en hoe deze relatief goedkope revolutie het klassieke kostenplaatje van Europese defensie volledig herschikt. Iran voert tegelijk de druk op in de Straat van Hormuz en zoekt, gesteund door Oman, de randen van het internationaal recht op. Boekestijn waarschuwt dat controle over zo’n zeestraat geopolitiek bijna belangrijker kan zijn dan een kernwapen, terwijl De Wijk wijst op de wereldwijde eensgezindheid dat tolheffing onacceptabel blijft. De kwetsbaarheid van energie- en handelsroutes maakt de VS, China, Europa en de Golfstaten tot oncomfortabele medegedupeerden. De EU schuift ondertussen richting versnelde uitbreiding als antwoord op Russische en Chinese invloed in de Balkan en aan de oostgrens. Boekestijn en De Wijk bespreken het spanningsveld tussen geopolitieke noodzaak, het risico op nieuwe Orbáns in Brussel en de lessen uit het succesverhaal van Polen. Daarbovenop dreigt de China Shock 2.0 de Duitse auto-industrie en Europese maakindustrie te raken, wat de roep versterkt om ‘Made in Europe’, industriepolitiek en bescherming tegen dumping, ook voelbaar in Nederland. [Samenvatting geschreven door AI en gecontroleerd door mens] Over de Podcast Arend Jan Boekestijn en Rob de Wijk gaan onder leiding van Hugo Reitsma op zoek naar de nieuwe wereldorde. Wat betekenen oorlog, machtspolitiek en economische verschuivingen voor Europa en Nederland? In elke aflevering duiken zij in de geopolitieke actualiteit. In 2022 werd Boekestijn en De Wijk uitgeroepen tot winnaar in de categorie Nieuws & Politiek tijdens de Dutch Podcast Awards Reageren? Op X: @ajboekestijn en @robdewijk Bluesky: @hugoreitsma.bsky.social Mail: boekestijnendewijk@bnr.nl Over de makers: Arend Jan Boekestijn is een Nederlands historicus en voormalig politicus. Hij studeerde geschiedenis en politieke wetenschappen aan de Vrije Universiteit in Amsterdam. Boekestijn is voormalig Tweede Kamerlid (tot 2009). Sinds 1989 is hij verbonden aan de vakgroep geschiedenis van de Universiteit Utrecht en sinds 2016 lid van commissie Vrede en Veiligheid van AIV. Rob de Wijk studeerde eigentijdse geschiedenis en internationale betrekkingen, promoveerde op kernwapenstrategieën, werd hoogleraar in Leiden en richtte in 2007 het Den Haag Centrum voor Strategische Studies op. Hugo Reitsma studeerde rechten en politicologie. Hij werkte eerder als politiek verslaggever en vanuit verschillende conflictgebieden. Hij is auteur van het boek ‘Boekestijn en De Wijk voorspellen de toekomst’ (november 2023).See omnystudio.com/listener for privacy information.

In our latest podcast, our team discusses the implications of the China shock 2.0 for the European economy, and how to respond.

Diesmal: Ungarn-Update, King Charles, grüner Wasserstoff, Donald Trump plündert den Staat, Körpergröße in Indien, China-Schock 2.0, Sham Jaff zu Ebola in der DR Kongo, Jens Spahn und die Facharbeiter-Gehälter, Hamburgs Heizungsgesetz. Mit einem Faktencheck von Katharina Alexander und einem Limerick von Jens Ohrenblicker.

La Repubblica popolare conquista quote di mercato in settori strategici ma la sovracapacità produttiva, la debole domanda interna e la chiusura dei mercati rappresentano elementi di fragilità Learn more about your ad choices. Visit megaphone.fm/adchoices

Is Europe walking into a new China shock? Sam Goodman — Senior Policy Director at the China Strategic Risks Institute joins Ricardo Silvestre to dissect the EU–China relationship at a moment of real turbulence. From Middle East fallout and the Strait of Hormuz, to trillion-dollar trade imbalances, Merz's first Beijing visit, Macron's tariff push, and the Commission's economic security agenda, this conversation maps the chessboard that will define Europe's next decade. This podcast is produced by the European Liberal Forum in collaboration with Movimento Liberal Social and Fundacja Liberté!, with the financial support of the European Parliament. Neither the European Parliament nor the European Liberal Forum are responsible for the content or for any use that be made of.

Judges, geopolitics, and election maps collide as Washington and Beijing tensions rise. DESCRIPTION Today on AmperWave Daily: explosive claims about judicial reform battles, escalating accusations over redistricting disputes, and a high-stakes diplomatic push as Marco Rubio joins Donald Trump on a China visit involving major U.S. officials and business leaders, including Elon Musk. Meanwhile, tensions with China and the Chinese Communist Party intensify, as claims of foreign influence, sanctions, and global power struggles dominate the conversation. Back home, a heated debate unfolds over redistricting rulings, judicial authority, and whether political actors are pushing reforms that critics say could reshape the U.S. court system.

Today's episode pulls together three major flashpoints shaping the national conversation: a high-stakes South Carolina redistricting battle involving Donald Trump and state lawmakers, a disturbing New York City subway violence case that's igniting debate over justice and public safety, and rising tensions over potential U.S.–China economic and security relations. From legislative brinkmanship in Columbia to chaos in Manhattan and global trade alarm bells, this episode connects the political, cultural, and security debates dominating the headlines.

The episode discuss the full daily report on May 3rd 2026. It's discuss holiday consumption data, Q1 trade record, APEC China Year, Africa zero-tariff flip, China Shock 2.0 and "managed friction," AI smart glasses vs. embodied AI manufacturing, digital human two-tier market, U.S.-China paradox, coal softening vs. renewable buildout, Chongqing auto show signal, and six forward-watch items.Stay tuned for more China news analysis that support your knowledge about China

The US economy looks great on paper: high GDP, low unemployment, and booming markets. So why does it feel like the system is broken for so many people? To unpack the disconnect between macroeconomic data and everyday financial anxiety, we're joined by Chicago Booth professor Steve Kaplan. A staunch defender of the free market, Kaplan argues that despite our collective pessimism, American capitalism is actually delivering unprecedented prosperity. Are we just looking at the data wrong, or is the market failing us? From the staggering costs of the US healthcare system to the lasting scars of the China labor shock, we debate the deepest fractures in our modern economic framework. Recorded alongside the Stigler Center's economic conference "Can Capitalism Be Popular?" the conversation covers how to actually measure an economic system, the U.S. vs. Europe debate, the opioid crisis, health care lock-in, teachers' unions, UBI, and the core tension of the whole show: if capitalism is working, why doesn't it feel that way? Connect with us:

In the past decade China has transformed itself into a high-value producer of sophisticated goods, threatening jobs in Europe and the rest of Asia. Today on the show, the FT's Beijing bureau chief Joe Leahy joins Katie Martin and Rob Armstrong to discuss his three-part series on China's new economy. Also, they go short prediction markets, long exit rows and long Xi Jinping's chances of re-election.For a free 30-day trial to the Unhedged newsletter go to: https://www.ft.com/unhedgedoffer.You can email Robert Armstrong and Katie Martin at unhedged@ft.com.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

In today's BizNews Daybreak, we dive into President Trump's announcement of a ten-day ceasefire between Israel and Lebanon, alongside hints of a potential deal with Iran during upcoming talks in Pakistan. We analyze the grim reality of illegal mining, where heavily armed syndicates are causing massive environmental damage and poisoning water systems with mercury and cyanide. We also examine Netflix's 8% share slide following disappointing earnings, the US government's rollout of Anthropic's "Mythos" AI model for federal agencies, and the looming economic threat of a "second China shock" driven by massive state subsidies. Finally, South Africa's Infrastructure Minister Dean Macpherson outlines a radical shift toward managing the state's vast property portfolio as a commercial asset management business.

Subscribe to the new Macro Musings YouTube Channel! Chris Meissner is a professor of economics at University of California at Davis and is the author of the recent book One from the Many: The Global Economy Since 1850. In Chris's first appearance on the podcast he discusses the historical bend towards greater globalization, how we should really define the global economy, the impact of the Great Financial Crisis on globalization and populism, the scope of globalization from the 1820's to today, the validity of the China Shock, the United States' current move away from globalization, and much more. Check out the transcript for this week's episode, now with links. Recorded on February 19th, 2026 Subscribe to David's Substack: Macroeconomic Policy Nexus Follow David Beckworth on X: @DavidBeckworth Follow Chris Meissner on X: @CmicMeissner Follow the show on X: @Macro_Musings Check out our Macro Musings merch! Timestamps 00:00:00 - Intro 00:01:50 - History Tends Toward Globalization 00:05:55 - What Is the Global Economy? 00:19:08 - Great Financial Crisis 00:22:15 - First Wave of Globalization: 1820–1914 00:29:42 - Interwar Period: 1918–1938 00:40:51 - Post-War Bretton Woods Arrangement 00:49:36 - The China Shock 00:55:40 - Detour from Globalization 00:59:44 - Outro

Buying a business is hard. Holding and growing it for decades is even harder. Today, Gat Caperton shares how he acquired a struggling West Virginia furniture maker at age 29 and spent nearly three decades building Gat Creek into a resilient, American-made manufacturer. He discusses applying lean manufacturing, investing heavily in technology, and surviving the “China Shock” by differentiating on quality and values. Gat also reflects on tariffs, sustainability, and how domestic manufacturing supports rural communities, jobs, and long-term economic resilience.

Donate (no account necessary) | Subscribe (account required) Join Bryan Dean Wright, former CIA Operations Officer, as he dives into today's top stories shaping America and the world. In this Thursday Headline Brief of The Wright Report, Bryan covers escalating violence against ICE officers in Minneapolis, mounting legal trouble for Democratic lawmakers, high-stakes global deal-making by President Trump, and shifting power dynamics involving Iran, China, Greenland, Ukraine, Africa, and Venezuela. Another ICE Officer Attacked in Minneapolis: An ICE officer was hospitalized after being beaten with a shovel by an illegal Venezuelan migrant and accomplices during a traffic stop. The attack followed Governor Tim Walz's public calls for resistance against ICE. Riots broke out as the officer defended himself by firing a single shot. Both the officer and attacker are expected to survive. Democrats on Defense Over the Renee Good Shooting: New medical reporting confirms the ICE officer previously shot by activist Renee Good suffered internal bleeding after being struck by her vehicle. Despite video evidence and DHS confirmation, Democratic leaders remain silent. The family has hired the attorney who represented George Floyd, signaling a civil lawsuit ahead. Slotkin Investigated and FBI Moves on Media Leaks: Senator Elissa Slotkin is under criminal investigation related to the "Seditious Six" video urging troops to refuse lawful orders. Separately, the FBI raided the home of a Washington Post reporter after a Navy veteran contractor was caught leaking classified Venezuela-related intelligence. Supreme Court Skeptical of Trans-Sports Lawsuit: Justices signaled strong resistance to claims that biological males with gender dysphoria must be allowed to compete in women's sports. Attorneys failed to define what constitutes male or female under Title IX, suggesting state-level bans will likely stand. Trump Pressures Iran Through Back-Channel Diplomacy: The Pentagon evacuated some personnel from Middle East bases as Trump delayed strikes after receiving assurances that Iran would halt executions of protesters. Brazil and the UAE signaled they may curtail trade with Iran to avoid U.S.-imposed tariffs, while China remains silent. Xi Floats a Hemisphere-Level Grand Bargain: China is reportedly open to pulling back from Central and South America if the United States reduces its commitment to Taiwan. Bryan asks whether reclaiming the Western Hemisphere would be worth that trade-off. Greenland and Ukraine Become Linked Leverage Points: Trump signaled that U.S. support for Ukraine may depend on concessions from Europe over Greenland. Denmark pushed back, but Trump argued Venezuela proved America will act decisively where Europe cannot. Big Wins in Armenia, Congo, and Venezuela: The United States secured a forty-nine-year lease for a strategic trade corridor along Iran's border through Armenia, gained access to Congolese copper from a Chinese-run mine, and received its first five hundred million dollars from Venezuelan oil sales. New polling shows strong Venezuelan public support for Maduro's removal and optimism about Trump's leadership.   "And you shall know the truth, and the truth shall make you free." - John 8:32     Keywords: January 15 2026 Wright Report, ICE officer attacked Minneapolis, Tim Walz resist ICE remarks, Renee Good internal injuries update, Elissa Slotkin investigation, classified leak Washington Post FBI, Supreme Court trans-sports Title IX, Iran executions Trump tariffs Brazil UAE, China Taiwan Central-America deal, Greenland leverage Ukraine war, Armenia trade corridor long-term lease, Congo copper Chinese-run mine, Venezuelan oil five-hundred-million dollars poll support

Donate (no account necessary) | Subscribe (account required) Federal officials testify that Antifa is now America's top domestic terror threat, a claim Democrats reject as they continue to argue white supremacy and dismiss recent Islamist violence as "accidents." The alleged assassin of Charlie Kirk appears in court as his widow publicly calls on conspiracy peddlers to stop exploiting her husband's death. Republicans suffer setbacks in state and local races, including a failed GOP redistricting push in Indiana that triggers open warfare within the party. At the same time, deportations rise to 2.5 million, rents fall for a fourth straight month, and the White House prepares a major political push ahead of America's 250th anniversary. Abroad, the Pentagon moves F-35s into the Caribbean as pressure mounts on Venezuela and additional oil tanker seizures loom. Mexico slaps tariffs on Chinese goods amid "China Shock 2.0," while Beijing deepens its support for Russia's war in Ukraine. Gaza remains frozen over a missing hostage body, the US expands counterterror operations in Africa, Australia bans social media for children under 16, and new research highlights why kids raised on farms develop stronger immune systems.    "And you shall know the truth, and the truth shall make you free." - John 8:32     Keywords: Antifa domestic terrorism, FBI DHS testimony, Charlie Kirk assassination, Candace Owens, GOP redistricting Indiana, Trump deportations, falling rents, Venezuela military buildup, F-35 Caribbean, China Shock 2.0, Mexico tariffs, China Russia Ukraine war, Gaza ceasefire, Africa counterterrorism, Australia social media ban, childhood immunity study

In Episode 451 of Hidden Forces, Demetri Kofinas speaks with author and long-time China analyst Dinny McMahon about the Chinese leadership's efforts to redesign China's economic model in the face of structural headwinds to growth, mounting trade barriers, and growing concerns in Western capitals about Chinese economic and military domination. The first hour is spent exploring why McMahon believes that China is at a transformational moment. He details the kind of economy that Beijing intends to build by 2035 and the internal debate over whether China should rebalance toward household consumption through welfare and redistribution or double down on its investment-driven growth model as the primary mechanism for raising household living standards. The second hour is devoted to understanding China's evolving industrial strategy that Dinny describes as a potential "China Shock 2.0" driven by legacy industry upgrading, innovation at the technological frontier in sectors like batteries and electric vehicles, flying cars, and humanoid robots, and import substitution in areas like machine tools and semiconductors all while pushing intermediate manufacturing offshore to circumvent Western trade barriers. McMahon lays out his best and worst case scenarios, as well as what China's economy is most likely to look like by the middle of the next decade; he and Demetri examine the risks of further deindustrialization and strategic dependency by the United States and Europe on Chinese manufacturing; and discuss how all of this collides with global climate goals, the energy transition, and a world in which China's state-driven capitalist model is increasingly setting the pace for innovation, growth, and material abundance. Subscribe to our premium content—including our premium feed, episode transcripts, and Intelligence Reports—by visiting HiddenForces.io/subscribe. If you'd like to join the conversation and become a member of the Hidden Forces Genius community—with benefits like Q&A calls with guests, exclusive research and analysis, in-person events, and dinners—you can also sign up on our subscriber page at HiddenForces.io/subscribe. If you enjoyed today's episode of Hidden Forces, please support the show by: Subscribing on Apple Podcasts, YouTube, Spotify, Stitcher, SoundCloud, CastBox, or via our RSS Feed Writing us a review on Apple Podcasts & Spotify Joining our mailing list at https://hiddenforces.io/newsletter/ Producer & Host: Demetri Kofinas Editor & Engineer: Stylianos Nicolaou Subscribe and support the podcast at https://hiddenforces.io. Join the conversation on Facebook, Instagram, and Twitter at @hiddenforcespod Follow Demetri on Twitter at @Kofinas Episode Recorded on 11/24/2025

The US-China Economic and Security Review Commission has just released its 2025 annual report to Congress. The annual report's analysis and recommendations are a crucial source of information for Congress, the executive branch, and observers of US-China relations. This year's report includes 28 key recommendations for Congress.  On this episode of China Global, we have two Commissioners joining us to discuss the report, Commissioner Aaron Friedberg and Commissioner Mike Kuiken. Commissioner Friedberg is Professor of Politics and International Affairs at Princeton University and co-director of its Center for International Security Studies. He is also a non-resident senior fellow at the American Enterprise Institute, counselor to the National Bureau of Asian Research, and previously served as Vice President Dick Cheney's Deputy Assistant for National Security Affairs.Commissioner Kuiken is a Distinguished Visiting Fellow at Stanford's Hoover Institution and advisor to the Special Competitive Studies Project. He has over 20 years of experience shaping US national security policy, including 12 years on the Senate Armed Services Committee. Timestamps:[00:00] Intro[1:47] China's Role in the Axis of Autocracy[03:22] Best Response from US and Allies?[05:23] The Interlocking Innovation Flywheels Effect[07:47] Made in China 2025 Plan: 10 Years Later[10:25] Why Does Chinese Dominance Matter?  [12:39] Policy Prescriptions for the US[16:24] Lessons Learned from China Shock 1.0 and Preparing for 2.0[21:09] Bipartisan Political Will on China Policy[24:06] Taiwan as a Vital Interest to the US[28:06] Assuaging Taiwanese Doubts in Congress[30:17] Taiwan's Defense Spending Debate  

We welcome back Arvind Subramanian, Senior Fellow at the Peterson Institute for International Economics, to Kopi Time. We focus on some recent work by Arvind and Shoumitro Chatterjee (see article here), in which they argue that China’s continued dominance in low-skill export sectors reflects not just efficiency, but deliberate policy choices that prevent poorer countries from climbing the development ladder. We talk about their findings, nuances to the conclusions, implication for trade and exchange rate policy, geopolitical considerations, and delve into a few issues beyond the article, including China’s rapid climb up the technology value-addition ladder. We also touch in Arvind’s new book, A Sixth Of Humanity: Independent India's Development Odyssey, co-authored with Devesh Kapur.See omnystudio.com/listener for privacy information.

In conversation with Anushka Saxena, Amit Kumar busts the myths surrounding China's H1 trade figures for 2025. He explains how there can co-exist an apparent contradiction between rising export numbers and slowdown in the contribution of trade to China's economy. Amit further argues that rebalancing of the Chinese economy toward domestic consumption will be a long and tumultuous road, and how, in the meantime, the world markets must be prepared to tackle goods dumping from the Asian giant.Take Takshashila's 2025 'China Challenge' Survey here: http://bit.ly/ChinaSurvey2025. Make your voice heard and shape India's China policy!All Things Policy is a daily podcast on public policy brought to you by the Takshashila Institution, Bengaluru.⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Find out more on our research and other work here: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://takshashila.org.in/research-areas⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Check out our public policy courses here: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://school.takshashila.org.in⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

Even as the U.S. begins decoupling from our Asian rival, the threat of a second “China shock”—one where the country's economy dominates key resources and minerals—is rapidly emerging.Brad Setser, senior fellow at the Council on Foreign Relations, joins Oren to dig into how China's new wave of industrial overcapacity, currency manipulation, and continued cheap exports could ravage America's economy a second time. They explore how this will impact the global economy, and how the Trump administration could respond with smart industrial policy.Further reading:“The Case that China is Now Actively Resisting Pressure on the Yuan to Appreciate” by Brad Setser"We Warned About the First China Shock. The Next One Will Be Worse" by David Autor and Gordon Hanson

This week, Noah Smith and Erik Torenberg analyze recent global events—from a political shift in New York to the Israel-Iran conflict—while exploring U.S.-China economic dynamics, evolving industrial policies, and the risk of a recession. The conversation also touches on historical economic shifts, tariffs, and manufacturing trends. – SPONSORS: NetSuite More than 42,000 businesses have already upgraded to NetSuite by Oracle, the #1 cloud financial system bringing accounting, financial management, inventory, HR, into ONE proven platform. Download the CFO's Guide to AI and Machine learning: ⁠⁠⁠⁠⁠⁠⁠⁠⁠https://netsuite.com/102⁠⁠⁠⁠⁠⁠⁠⁠⁠ Shopify Shopify is the world's leading e-commerce platform, offering a market-leading checkout system Shoppay and exclusive AI apps. Nobody does selling better than Shopify. Get a $1 per month trial at ⁠⁠⁠⁠https://shopify.com/momentofzen⁠⁠⁠⁠. AdQuick The easiest way to book out-of-home ads (like billboards, vehicle wraps, and airport displays) the same way you would order an Uber. Ready to get your brand the attention it deserves? Visit ⁠⁠⁠⁠⁠⁠⁠⁠⁠https://adquick.com/⁠⁠⁠⁠⁠⁠⁠⁠⁠ today to start reaching your customers in the real world. – SEND US YOUR Q's FOR NOAH TO ANSWER ON AIR: Econ102@Turpentine.co – FOLLOW ON X: @noahpinion @eriktorenberg @turpentinemedia – RECOMMENDED IN THIS EPISODE: China's industrial policy has an unprofitability problem: https://www.noahpinion.blog/p/chinas-industrial-policy-has-an-unprofitability Noahpinion: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.noahpinion.blog/⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠ – TAKEAWAYS: New York City Politics: Discussion of a "Muslim socialist" winning what appears to be a NYC mayoral race. Middle East Geopolitics: Analysis of recent Iran bombing and its economic implications. China's Current Industrial Policy Problems: Xi Jinping's aggressive subsidization of strategic industries (EVs, semiconductors, batteries, solar panels). Key Economic Insights: China's export percentage of GDP is now lower than many developed countries, but the absolute volume still creates massive global impact due to China's size. US Manufacturing Revival: The importance of reducing regulatory barriers to enable more "sub-Elons" (entrepreneurs like Elon Musk).

What if AI helped people develop and deepen their existing expertise, and better outfitted them for the jobs of the future? This week, Reid and Aria are joined by one of the world's leadest labor economists, David Autor, Ford Professor of Economics at MIT and co-director of its Work of the Future Task Force. He is also a Visiting Fellow in the Google Technology and Society Program. David's landmark research on the China Shock has become foundational for policymakers grappling with globalization's labor impacts. Reid, Aria, and David discuss the parallels between China Shock and AI Shock, the labor market, how AI can help us make better decisions, automation vs. collaboration, and AI's potential to enhance human-centered jobs. For more info on the podcast and transcripts of all the episodes, visit https://www.possible.fm/podcast/  Topics: 2:27 - Hellos and intros 4:30 - China Shock vs. AI Shock  10:56 - How AI could affect skill-based labor  15:37 - Google Gemini aside: more about the air traffic controller shortage 16:31 - How technologies can be amplifiers of expertise 22:09 - AI as a collaboration tool  24:52 - Why speed of labor market change makes a difference 29:25 - How AI can be good for the middle class 31:04 - Learning to use AI to your advantage 34:27 - More upward mobility at work  41:39 - Technology increasing quality of life  47:34 - Tools to put in place to ensure improvements for all  50:29 - Successfully transitioning to a new AI future 56:51 - Rapid-fire questions Select mentions:  Geoffrey Hinton WALL-E Mad Max: Fury Road NPR's Tiny Desk Concert Series Possible is an award-winning podcast that sketches out the brightest version of the future—and what it will take to get there. Most of all, it asks: what if, in the future, everything breaks humanity's way? Tune in for grounded and speculative takes on how technology—and, in particular, AI—is inspiring change and transforming the future. Hosted by Reid Hoffman and Aria Finger, each episode features an interview with an ambitious builder or deep thinker on a topic, from art to geopolitics and from healthcare to education. These conversations also showcase another kind of guest: AI. Each episode seeks to enhance and advance our discussion about what humanity could possibly get right if we leverage technology—and our collective effort—effectively.

Leslie is joined by Scott Paul, President of the Alliance for American Manufacturing (AAM), a partnership established by some of America's leading manufacturers and the United Steelworkers union. The two discuss: 1. The Wall Street Journal recently documented the stark disparity between China and America's military-industrial strength in a series of graphs. The results are downright alarming, especially as geopolitical tensions flare. The data illustrate the urgent need for the United States to take action to revitalize our domestic shipbuilding industry.  2. With tariffs coming into force,  Made in the USA marketing is surging. U.S. consumers are rejiggering their purchasing habits, as evidenced by a boom in “Made in USA” searches on e-commerce sites, and companies are more than happy to tout their “Made in USA” commitments. (From Modern Retail: “Amazon searches for the phrase shot up to 126,000 from 26,000 in the past 30 days — nearly five times the previous period.”)   3. The state of our infrastructure and energy grid is dire. It's a crisis that creates another obstacle to U.S. manufacturing's renaissance and America's competitiveness. 4. This time, the China Shock is global in nature. Beijing is flooding the world's markets with its industrial overcapacity across all categories, and job losses and bankruptcies are trailing the imports.   WEBSITE: AmericanManufacturing.org YouTube Channel: youtube.com/@AmericanMfg (where you can watch episode's of AAM's podcast, "The Manufacturing Report") (If you want to listen to episodes of "The Manufacturing Report," visit AmericanManufacturing.org/Podcast) X: 1. AAM - @KeepItMadeInUSA  2. Scott Paul - @ScottPaulAAM BlueSky: @keepitmadeinusa.bsky.social

Leslie is joined by Scott Paul, President of the Alliance for American Manufacturing (AAM), a partnership established by some of America's leading manufacturers and the United Steelworkers union. The two discuss: 1. The Wall Street Journal recently documented the stark disparity between China and America's military-industrial strength in a series of graphs. The results are downright alarming, especially as geopolitical tensions flare. The data illustrate the urgent need for the United States to take action to revitalize our domestic shipbuilding industry.  2. With tariffs coming into force,  Made in the USA marketing is surging. U.S. consumers are rejiggering their purchasing habits, as evidenced by a boom in “Made in USA” searches on e-commerce sites, and companies are more than happy to tout their “Made in USA” commitments. (From Modern Retail: “Amazon searches for the phrase shot up to 126,000 from 26,000 in the past 30 days — nearly five times the previous period.”)   3. The state of our infrastructure and energy grid is dire. It's a crisis that creates another obstacle to U.S. manufacturing's renaissance and America's competitiveness. 4. This time, the China Shock is global in nature. Beijing is flooding the world's markets with its industrial overcapacity across all categories, and job losses and bankruptcies are trailing the imports.   WEBSITE: AmericanManufacturing.org YouTube Channel: youtube.com/@AmericanMfg (where you can watch episode's of AAM's podcast, "The Manufacturing Report") (If you want to listen to episodes of "The Manufacturing Report," visit AmericanManufacturing.org/Podcast) X: 1. AAM - @KeepItMadeInUSA  2. Scott Paul - @ScottPaulAAM BlueSky: @keepitmadeinusa.bsky.social

This week, Noah Smith and Erik Torenberg debunk myths about the American middle class and globalization, analyze historical data on wage stagnation and trade, assess China's technological rise, and discuss U.S. economic resilience and policy responses to protectionism. – SPONSORS: NetSuite More than 41,000 businesses have already upgraded to NetSuite by Oracle, the #1 cloud financial system bringing accounting, financial management, inventory, HR, into ONE proven platform. Download the CFO's Guide to AI and Machine learning: ⁠⁠https://netsuite.com/102⁠⁠ AdQuick The easiest way to book out-of-home ads (like billboards, vehicle wraps, and airport displays) the same way you would order an Uber. Ready to get your brand the attention it deserves? Visit ⁠⁠https://adquick.com/⁠⁠ today to start reaching your customers in the real world. – SEND US YOUR Q's FOR NOAH TO ANSWER ON AIR: Econ102@Turpentine.co – FOLLOW ON X: @noahpinion @eriktorenberg @turpentinemedia – RECOMMENDED IN THIS EPISODE: Globalization did not hollow out the American middle class: https://www.noahpinion.blog/p/globalization-did-not-hollow-out Noahpinion: ⁠⁠https://www.noahpinion.blog/⁠⁠  – TAKEAWAYS: Debunking the Middle Class Hollowing Myth: Noah challenges the common narrative that trade and globalization hollowed out America's middle class. Manufacturing and Economic Shifts: Noah explains that while manufacturing employment did decline significantly (about 3 million jobs in the 2000s), this didn't correspond with overall middle class decline. The China Shock Reality: The "5% truth" in the middle class hollowing narrative relates to what economists call the "China Shock" - a period in the 2000s when Chinese imports surged rapidly. America's Globalization Status: Contrary to popular belief, America has never been highly globalized compared to other countries. Import penetration (imports relative to GDP) is much lower than in countries like China, France or Germany. Energy Crisis Impact: Noah suggests the oil shocks of 1973 and 1979 had a more significant impact on American manufacturing than trade policies. Sino-Futurism and China's Future: They discuss "Sino-futurism" - the idea that China represents the technological future. Noah argues this perspective is overblown, noting issues with China's rapid infrastructure development (like the durability of construction), urban planning problems, and the cyclical nature of technological leadership.

How the Trump administration is using tariffs as a negotiating tool to weaken the U.S. dollar and increase the global competitiveness of U.S. manufacturers.Topics covered include:Why U.S. stocks are falling, and recession risk is increasingHow the U.S. dollar as the reserve currency is becoming a burden on the U.S.How the Trump administration aims to reduce its trade deficit and make it less attractive for foreign governments to own U.S. assetsWhat are the risks of trying to weaken the U.S. dollarEpisode SponsorsDelete Me – Use code David20 to get 20% offStawberry.meInsiders Guide Email NewsletterGet our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletterOur Premium ProductsAsset CampMoney for the Rest of Us PlusShow NotesStock Market News, March 10, 2025: Nasdaq Falls 4% After Trump Doesn't Rule Out Recession by Caitlin McCabe and Krystal Hur—The Wall Street JournalTrump Says US Economy Faces ‘Transition,' Avoids Recession Call by María Paula Mijares Torres—BloombergIs the U.S. Heading for a Recession? Here's What the Experts Say by Caitlin McCabe—The Wall Street JournalMark Carney Wins Canada Liberal Contest, Will Succeed Trudeau in Days by Brian Platt and Laura Dhillon Kane—BloombergEntering the Fall 2024 | Alarming Signs? - Fireside Chat with Scott Bessent by Simplify Asset Management—YouTubeA User's Guide to Restructuring the Global Trading System by Stephen Miran—Hudson Bay CapitalCould Trump devalue the dollar with a "Mar-a-Lago Accord"? by Paul Diggle and Luke Bartholomew—Aberdeen InvestmentsWonking Out: The Mysteries of the Almighty Dollar by Paul Krugman—The New York TimesOn the Persistence of the China Shock by David Autor, David Dorn, and Gordon H. Hanson—NBERManufacturing, value added (% of GDP)—World Bank Data Group | Prosperity Data360Council of Economic Advisors Chair Nominee Stephen Miran's Critique of the Global Monetary System—Part I by Steven B. Kamin—AEIUsing Stock Returns to Assess the Aggregate Effect of the U.S.‑China Trade War by Mary Amiti, Matthieu Gomez, Sang Hoon Kong, and David E. Weinstein—Federal Reserve Bank of New YorkTwo cheers for Germany's fiscal reform by Neil Shearing—Capital EconomicsRelated Episodes404: Why Is the U.S. Dollar So Strong? Will It Continue?322: Why Currency Exchange Rates MatterSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

China's entry into the World Trade Organization, normalizing trade relations with the PRC, was billed to the American public as a rising tide that lifts all boats. But decades later, many of the manufacturing workers who lost their jobs to cheaper Chinese goods have not recovered. And while the first “China shock” left millions of […]

China's entry into the World Trade Organization, normalizing trade relations with the PRC, was billed to the American public as a rising tide that lifts all boats. But decades later, many of the manufacturing workers who lost their jobs to cheaper Chinese goods have not recovered. And while the first “China shock” left millions of textile and low-skill manufacturing workers without a job, Chinese trade practices are now targeting sectors crucial to American prosperity and national security. How can the U.S. protect vital industries from unfair trade practices? And why is it so difficult to help those who lose their job to trade find new work? David Autor is the Daniel and Gail Rubinfeld Professor in the MIT Department of Economics and co-director of the National Bureau of Economic Research Labor Studies Program and the MIT Shaping the Future of Work Initiative. Autor is also an elected Fellow of the Econometrics Society, the Society of Labor Economists, and the American Academy of Arts and Sciences, and a Faculty Research Associate of the National Bureau of Economic Research and the Abdul Latif Jameel Poverty Action Lab. In 2019, the Economist labeled Autor “The academic voice of the American worker.”Read the transcript here. Subscribe to our Substack here.