'China Shock 2.0' reshuffles winners, losers

China's strong export growth and massive trade surplus contrast with its weak domestic consumption, driven by government policy prioritising export dominance through advanced manufacturing like EVs and batteries, triggering new trade tensions and supply chain shifts. Western countries respond with tariffs and regulations, while Chinese firms increasingly localise manufacturing in foreign markets to bypass barriers and geopolitical risks.

This Wire brief sits within Fusion42's coverage of Electric Vehicles.