China’s next generation
The Rachman Review
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The Pros and Cons of the Chinese Government's Wave Operation
I think the intention is not a wrong one. But we basically killed a part of the industry overnight. And these kind of dramatic moves, we often find so radical in the Chinese government. Sometimes they're first of all meant to make a big point. And then they're gradually rolled back. So there's pros and cons of both. I don't agree with the view that aging is what's going to cause the Chinese economic slowdown. There were other really, really pressing macroeconomic factors as driving force.
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