Discussion Paper

China shock 2.0: How China’s ongoing export surge differs from the early 2000s


Abstract: China's accession to the World Trade Organization in 2001 marked the beginning of one of the most consequential episodes in the history of global trade. The subsequent surge in Chinese exports–often referred to as the "China Shock"–has been widely associated with large adjustments in production patterns, labor markets, and trade balances across the global economy (Autor et al. 2016; Pierce and Schott 2016).

https://doi.org/10.17016/2380-7172.4071

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Provider: Board of Governors of the Federal Reserve System (U.S.)

Part of Series: FEDS Notes

Publication Date: 2026-05-29

Number: 2026-05-29-1