Why The Chinese Economy Can’t Defy The Odds Forever

THE announcement this week that China’s economy had grown by 7.3% in the third quarter year-on-year was widely seen as marking the country’s “new normal” of slower growth. It was well below the roughly 10% pace China had averaged from 1980 until two years ago. Yet according to a new working paper by…

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Why The Chinese Economy Can’t Defy The Odds Forever

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