Two things -- a) The decoupling of Chinese exports and imports (and the decoupling of Chinese imports from reported GDP growth) is the second China shock b) the ECB's balance of payments chart game is currently quite strong

As an example, the aligned v non aligned chart on government bond holdings from the ECB (US v EA) is great, tho the data is tainted a bit by custodial bias (i.e. not all the shift in the US data away from not aligned is real). great work by the ECB tho