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China builds global alternative as US-led financial order decays

Geopolitical Economy Report

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The Dynastic Cycle of China's Development

I would say you could should describe China's sort of plan rational plan rational socialist state, which uses after a form and opening up market instruments. A plan rational state because it basically sets social and economic objectives that are essentially designed to progressively improve the living standards of all the Chinese people. And then in order to achieve these goals that it's set itself. All of these changes are basically designed to address crises and contradictions that emerge in the course of its development. In other words, an attempt to avoid the dynastic cycle, you know the rise and fall in dynasties. The emphasis I mean really since 2013 has been on high quality development rather than rapid growth.

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