New Delhi, June 3 -- China's ongoing export boom, often referred to as "China Shock 2.0," differs significantly from the export surge that followed its entry into the World Trade Organization (WTO) in 2001, according to a new report published by the Board of Governors of the Federal Reserve System.

The report, titled "China Shock 2.0: How China's ongoing export surge differs from the early 2000s," argues that the latest phase of Chinese export expansion is being driven not only by export-oriented industrial policies but also by a strategic push toward domestic self-reliance, creating an "asymmetric trade shock."

"China Shock 2.0 reflects not only a policy-driven export push but also a strategic reorientation toward greater domestic capa...