Sorry, but the ‘China shock’ was actually pretty good for America

Source: China – South China Morning PostThe idea that China has stolen millions of American jobs in recent decades, causing a collapse in the manufacturing labour market, has long been a staple anti-Chinese narrative on both sides of US politics.
Even economists and media pundits who grudgingly acknowledge that cheap Chinese goods have made life easier and more affordable for the average American would complain about these alleged mass job losses.
And the blue-collar voters most severely affected by sectoral lay-offs and the decline…Read More

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