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

Bloomberg business news

Why China's Economy Will Be so Hard to Fix

Corrected

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. 

It’s a challenge that’s playing out in different ways across the nation as growth rates splinter and lives are turned upside down. Here's a snapshot of how these forces are reshaping this continent-sized economy.