9min chapter

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Worst Decision Of RBI, Demonetisation, PM Modi & Indian Economy - Dr. Raghuram Rajan | FO151 Raj Shamani

Raj Shamani's Figuring Out

CHAPTER

China's Strategies for Economic Growth

This chapter discusses China's strategies for promoting economic growth, including easing rules and regulations for local businesses, suppressing unions, keeping wage growth low, and maintaining a low exchange rate. It compares China's consumption levels and household income to its per capita GDP, highlighting the high cost of imported goods and low household income as factors contributing to low consumption. The chapter also contrasts the approaches of the US and China in driving economic growth, highlighting China's decentralized policy changes and tailored approach, as well as its ability to hold back wages.

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