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Analysis-Part of China's economic miracle was a mirage. Reality check is next

Chinese President Xi Jinping's first major reform plans a decade ago were also his boldest, envisaging a transition to a Western-style free market economy driven by services and consumption by 2020. The 60-point agenda was meant to fix an obsolete growth model better suited to less developed countries - however, most of those reforms have gone nowhere leaving the economy largely reliant on older policies that have only added to China's massive debt pile and industrial overcapacity. T...
Chong Hua Liangping Gao Marius Zaharia Kevin Yao Max Zenglein Logan Wright
Source: yahoo.com

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