China's high-tech export surge drives China Shock 2.0 debate
Updated
Updated · Asia Times · May 7
China's high-tech export surge drives China Shock 2.0 debate
8 articles · Updated · Asia Times · May 7
The report says China now controls about 70% of the global battery supply chain and most green hydrogen electrolyzer capacity, making it central to the energy transition.
It argues tariffs on Chinese EVs, batteries and renewable equipment would raise costs for consumers in the US and Europe, slow decarbonisation and weaken a deflationary buffer in emerging markets.
The analysis rejects claims that the surge mainly reflects copying, currency manipulation or overcapacity, saying China's edge comes from manufacturing scale, indigenous innovation and structural comparative advantage.
With Chinese exports driving down green tech prices, is protectionism the true threat to climate goals?
Is China's export boom a gift of affordable tech or a strategy to dominate future industries?