The Mother of All Economic Shocks Is Chinese Mercantilism

www.chinausfocus.com/finance-economy/the-mother-of-all-economic-shocks-is-chinese-mercantilism
By quantifying the determinants of hard power, my 2011 book, Eclipse: Living in the Shadow of China's Economic Dominance, predicted that China's rise would occur sooner than the world expected. But even that analysis did not account for the extent to which China's relentless mercantilism would influence the world, for better and worse.

China's mercantilist squeeze on developing countries | PIIE

www.piie.com/publications/working-papers/2026/chinas-mercantilist-squeeze-developing-countries
The "China Squeeze" affects low- and middle-income countries through three major channels: intense competition in global export markets, rising Chinese import competition in their own domestic markets, and limited access to China's own consumer market for low-skill-intensive exports from developing countries. The scale of the squeeze is historically unprecedented and may represent hundreds ...

Is China's mercantilism cracking up? - Engelsberg ideas

engelsbergideas.com/essays/is-chinas-mercantilism-cracking-up/
As the global economic order continues to fracture, President Xi Jinping is doubling down on China's mercantilist model, deepening Beijing's domestic problems while fuelling discontent among developing countries.

Is China Mercantilist? | NBER

www.nber.org/digest/dec05/china-mercantilist
The fact that so much foreign money has been of the FDI variety has helped shield China from the kind of jolts recently administered to other Asian economies where a higher proportion of investment was indirect -- such as bank lending or stock portfolios. Strong evidence of China's emergence as a global economic powerhouse are these twin facts: a large foreign exchange reserve that China is ...

PDF Working Paper 26-7 China s mercantilist squeeze on developing countries

www.piie.com/sites/default/files/2026-05/wp26-7.pdf
ABSTRACT. China's resurgent trade surplus has revived concern in the United States and Europe, but consequences for low- and middle-income countries (LMICs) remain underappreciated. This paper documents a "China Squeeze": China's compression of the industrialization space poorer economies need in labor-intensive manufacturing. Using historical benchmarks and labor-endowment comparisons ...

China's Economic Mercantilism | FleetOwner - IndustryWeek

www.industryweek.com/the-economy/public-policy/article/21960801/chinas-economic-mercantilism
To get there, China has embraced economic mercantilism on an unprecedented scale, using a wide array of policies to assist Chinese firms while discriminating against foreign establishments attempting to compete in China.

Is China's mercantilism cracking up? - George Magnus

georgemagnus.com/is-chinas-mercantilism-cracking-up/
The return of mercantilism, in other words, with its emphasis on nationalism, zero-sum outcomes, trade imbalances, and industrial policies, is the spectre haunting the global order. It is not surprising, moreover, that China's $20 trillion economy is central to this phenomenon.

Mercantilism - Wikipedia

en.wikipedia.org/wiki/Mercantilism
Mercantilism is a form of economic system and nationalist economic policy that is designed to maximize the exports and minimize the imports of an economy. It seeks to maximize the accumulation of resources within the country and use those resources for one-sided trade. The concept aims to reduce a possible current account deficit or reach a current account surplus, and it includes measures ...

Chinese mercantilism has dealt the global economy the mother of all ...

www.business-standard.com/opinion/columns/chinese-mercantilism-has-dealt-the-global-economy-the-mother-of-all-shocks-126071401415_1.html
Chinese mercantilism has been more globally consequential than any other economic shock or policy choice in reshaping the world this millennium China's mercantilist growth has reshaped the global economy, lowering inflation and boosting clean energy while disrupting manufacturing and industrialisation worldwide.

Full article: Mercantilism 2.0: American and Chinese mass public ...

www.tandfonline.com/doi/full/10.1080/09692290.2025.2570924
The US and China represent the status quo and challenger power (Tingley, 2017). Awareness to US-China power competition has increased in both countries, and threat perceptions of the other country, accompanied by more active state involvement in foreign economic affairs, increasingly prevail (Gilpin, 1975).
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