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Experts have argued that the China trade shock has ended. [1] [12] [13] In relation to consumer goods, the China shock largely ended by 2006 or 2007 [13] while indicating that for capital goods the effects of Chinese imports to the United States continued up until 2012 and are ongoing in specific product categories. [1]
The political narrative has eclipsed the actual economics, and that’s a policy problem today.
"China will carry on reaching out to Europeans, the British, the Australians and even the Japanese, not only to try to drive a wedge between the U.S. and the countries of the north," said Jean ...
White House details plan to safeguard US auto sector, avoid second 'China shock' David Shepardson and Ben Klayman. September 23, 2024 at 2:01 PM. By David Shepardson and Ben Klayman.
In 2002, Julia Lovell of The Observer stated that although China's entry to the World Trade Organization could provide Western investors with many new opportunities, Chang's book "marshalled ample evidence to dampen such expectations." [6] In 2001, Patrick Tyler of The New York Times wrote: As Chang discovered, China is a nation of contradictions.
Yellen told a press conference that U.S. President Joe Biden would not allow a repeat of the "China shock" of the early 2000s, when a flood of Chinese imports destroyed about 2 million American ...
The terminology is revealing. It is only possible to lose something that one owns. The tacit assumption was that the U.S. owned China, by right, along with most of the rest of the world, much as postwar planners assumed. The "loss of China" was the first major step in "America's decline." It had major policy consequences. [1]
China and the U.S. are the world’s two biggest greenhouse gas emitters. “We want to be responsible for our own people, but also for the world as we conduct this relationship,” Burns said.