World

Why It’s Impossible to Talk About Just One Chinese ‘Economy’

Why China's Economy Will Be so Hard to Fix

China’s industrialization since the late 1970s has outstripped any other in history. But with wages no longer cheap and the labor force now shrinking, the nation finds itself at a watershed: upgrade, or succumb to the middle-income trap that has seen countries in South America, Africa and Asia stumble before they grew rich. 

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