Banque de France warns of 'Chinese Shock 2.0' as China's share of French imports hits 10.7%

The Banque de France warns that a second wave of Chinese exports, driven by overcapacity and US market lockdown, is raising China's share of French imports to 10.7%, threatening key sectors like automobiles, pharmacy, and aerospace. The warning signals growing European concern over import dependency and potential trade policy responses, though the exact policy impact remains uncertain.