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← ABC News Daily6 sep · 16 min

How China Shock 2.0 will reshape the world

How China Shock 2.0 will reshape the world6 sep16 min

In the 2000s, a wave of cheap Chinese goods that flooded global markets and wiped out manufacturing jobs became known as the China Shock.

Now it's sequel, China Shock 2.0 has arrived.

But this time, China isn't just exporting cheap goods. It's taking on the world in cutting-edge technology, from AI to electric vehicles and robotics.

Today, economist David Autor, who helped coin the phrase 'China Shock' and is one of Time magazine's most influential people of 2026 in AI, on whether the world is ready for it.

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David Autor, Professor in the MIT Department of Economics