J Shambo, in a July speech on Chinese overcapacity, argued that Chinese policy makers' preference to push manufacturing further as China's growth driver means taking on an increasingly outsized share of global production, with other countries' manufacturing sectors needing to shrink to compensate, and that China's size means its imbalances pose an even greater risk to the global economy because a large economy with a dominant market position can shift global prices and leave the rest of the world to deal with consequences.