The Ezra Klein Show · 2026-08-21 · 66 min · 10,178 words

The China Shock 2.0

Listen to the original audio · Transcribed with NVIDIA Parakeet · Timestamps stay in sync with the live audio

Biggest economic story in the world right now. Is China's growing dominance. across advanced manufacturing sector after advanced manufacturing sector.

From electric vehicles. Batteries to solar panels. to things that aren't even traditional manufacturing, that are software, like AI and open models where they become a world leader. What is happening here?

is very different than what we call the first China shock. where China became a a big exporter, but of things that were not that important. to advanced economies, things that mattered maybe for particular communities, mattered for many, many jobs. But weren't the frontier. I've been on my cross.

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