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Interpreting the Recent Central Financial and Economic Affairs Commission Meeting
Pekingology
The Importance of Building Out Strategies for Industrial Development
There's a longstanding trend that's consistent with the fourteenth five-year plan basically pushing against the tide of history and China's own development. It's already mostly a service as an economy. And in fact, most workers are in services, not manufacturing. So basically, they want to be like Germany, but being much, much bigger and without the global demand to support it, I think it just doesn't work.
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