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Daniel Moss

China Can’t Grow Like an Emerging Market Forever

That’s OK. The world needs Beijing to keep moving toward the normalcy of slower growth, complete with ups and downs of the business cycle.

Take a breath.

Take a breath.

Photographer: Nelson Ching/Bloomberg

There’s no economic crisis in China. There is a slowdown. That can be a good thing.

Yes, China is the second-largest economy and deeply enmeshed in the planet’s commercial map. That’s all the more reason it needs to keep becoming a more normal economy, with a more mature pace of growth. That will increasingly be driven by consumers and technology, and less by exports.