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Fears of new China shock as EU industry’s reliance on imports grows

shock” was coined. It referred to the impact of [China](https://www.theguardian.com/world/china) bursting on to the global trade stage after becoming a member of the World Trade Organization, with soaring imports displacing local industries

EU faces ‘China shock’ as EV imports drive Beijing’s record surplus with bloc

impacted than other Asian countries and has been able to [tap into substantial reserves](https://www.theguardian.com/world/2026/mar/20/china-oil-reserves-global-energy-crisis). “So far, China’s trade with the world has been barely affected by the conflict in the Middle

Global energy crisis highlights meagre oil buffers in developing world

impacted most of the world](/economy/2026/3/23/world-in-energy-crisis-worse-than-1970s-oil-shocks-combined-iea-head-says), import-reliant poorer countries are among the worst affected and the most lacking in energy reserves to cushion the blow. The International Energy Agency (IEA), the Paris-based body

Tata-ASML deal: How significant is it for India’s semiconductor push?

China in terms of AI competitiveness,” Shivakumar said. Nearly 20 percent of the world’s chip design engineers are Indians. So New Delhi can use this talent pool in its pursuit to become