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How should the West respond to China's wave of cheap goods? A shock is coming for economies across Europe, one that will reshape their politics and catalyse the rise of populism. They are being battered by the relentless rise of Chinese manufacturing. Last year Beijing recorded the highest goods trade surplus in history, almost $1.2trn. China used to be a big market for European exporters, particularly Germany. But it is now buying less and less of what Europe produces while exporting more and m
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