Stopping the Next China Shock: A Collective Strategy for Countering Beijing's Mercantilism.

The article discusses the resurgence of China's heavily subsidized manufacturing sector and its impact on global markets. It highlights the need for a collective strategy to counter China's economic policies, with countries forming a trade defense coalition to protect themselves. The article explores China's economic strategy, which prioritizes power over prosperity, and warns of the dangers of China's concentration of industrial power. It concludes by discussing the limitations of appealing to China to reconfigure its economic strategy and argues for the establishment of a trade defense coalition to counter China's dominance in global trade. The coalition would implement import tariffs and other measures to protect industries and encourage the proliferation of productive capacity in member countries. [Extracted from the article]