Internationalism No. 88, June 2026 Page 16 Beijing in the Factory China Shock 2.0 . This means that Beijing has long since moved beyond being the world’s factory merely for T-shirts, shoes, refrigerators, or laptops. While the capital it has channelled abroad via the Silk Road exceeds $1 trillion, China has moved up the value chain to more technologically advanced and complex manufacturing. This is evident in the global battle over cars and electric vehicles, where Chinese exports have reached seven million units. The consequences of the first shocks have by no means been absorbed; the reaction to American deindustrialisation is among the forces that brought a chaotic huckster to the White House. Today, Europe is the epicentre of the second shock . Among the large corporate groups, their lobbies, and their political parties, there...