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11min chapter
China's Old Economic Model Is Dying | Leland Miller
Supply Shock
China's Economic Model and its Impact on the Global Economy
This chapter discusses the connection between China's economic model and its impact on the global economy, highlighting the command control structure and slower long-term growth. It also explores China's role as a net energy importer and its influence on commodity prices, challenging the misconception that China drives global growth. The chapter emphasizes China's focus on restructuring the economy and reducing vulnerabilities, as well as the changing demand picture in China and its implications for US inflation.
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