US Warns of 'China Shock 2.0' Risk to Economy and Security
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Leland Miller, a US expert and founder of China Beige Book, spoke at the 21st International Seminar of Techint about the 'China Shock 2.0', warning that it poses risks not only to the economy and trade but also to the security of each country. Unlike the 'China Shock 1.0' of the early 2000s, this new challenge involves Chinese dominance in capital- and technology-intensive industries, as outlined in the 'Made in China 2025' plan published in 2015.
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