What if the results of one of the most influential economics papers of the past 25 years are unreliable? The "China shock" narrative--that a surge of Chinese imports destroyed American manufacturing jobs and the communities that depended on them--became conventional wisdom in Washington and beyond.
Hong Kong has always been a special case. It's designated as a special economic zone with China. It's got a high degree of autonomy, um, etc., etc., but now the US is treating Hong Kong pretty much as just another part of China.
Both sides now openly acknowledge that the US and China no longer see trade and technology as economic issues alone. They see them increasingly as national security weapons.
5mo ago
Underscored — save the words that stop you in your tracks.
