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To conquer the world, China must get smarter
News, Michael Schuman, Published on 14/08/2019
ยป Many investors and economists continue to believe China's rise to global economic greatness is inevitable. Modern history, however, tells us that graduating from emerging- to a developed-economy status is hardly automatic. An overly intrusive state, dependence on debt, feeble gains in productivity and poor resource allocation are all reasons to fear that China might struggle with the transition like so many nations before it.
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