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Glenn Luk: China’s economic evolution, GDP, and high speed rail — #58

Manifold

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The China Conundrum: Insights and Blind Spots

Exploring the economic and technological advancements of China and the challenges in understanding its development, the chapter delves into the underestimation of China's innovation and the implications for national security. It discusses the blind spots of economists in grasping business dynamics, the shift of manufacturing expertise to China, and the hurdles in reviving advanced manufacturing in the US. The narrative also touches on the impact of historical context on perceptions, demographic factors shaping behaviors, and the complexities of comparing the Chinese and US economies.

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