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Part 1 of trilogy: China and the End of Extrapolation

First published: The Globalist, 01/05/2013

China’s economy has grown rapidly under the investment and direction of the state, which put workers and resources to productive use compared to pre-industrial China. But sooner or later, the state is going to hit a wall and growth will slow to a more typical pace — or the state will have to make major reforms and get out of the way. In a three-part series, George Magnus analyzes how China can manage this shift…..more