This podcast episode examines China's critical economic juncture, where the leadership opted for a state-led manufacturing model amidst pressing challenges, sparking increasing international tensions reminiscent of the past "China Shock." As the West pushes back against China's overcapacity strategy through tariffs and investigations, the potential for a global trade war looms large. With substantial risks involved, China's gamble on maintaining production capacity could result in significant economic fallout, leaving listeners questioning the future of China's global trade relations.