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18min chapter
China's Old Economic Model Is Dying | Leland Miller
Supply Shock
China's Economic Growth: Expectations vs Reality
The chapter explores the expectations and reality of China's economic growth, discussing factors like the COVID-19 pandemic, lack of consumer stimulus, and deflation of the property bubble. It examines the differences between the US consumer demand-based economy and China's non-commercial financial system, highlighting the constant bailout of inefficient entities in China's model. Additionally, it delves into Xi Jinping's priorities, such as tackling wealth inequality and redefining the social compact.
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Discover
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