Excellent essay. No doubt one of the defining features of the China shock has been how it has reallocated the global surplus. (opens in new tab)

Excellent essay. No doubt one of the defining features of the China shock has been how it has reallocated the global surplus. The old exportweltmeister has been dethroned -- and China has world scale in advanced manufacturing, which is new and disruptive 1/ 2/ 3/ <img alt="Image" src="/images/1px.png" data-src="