Examining China's Peak and Industrial Wonders

China's state capacity and industrial effectiveness have reached a peak, allowing them to accomplish marvels like building high-speed trains and becoming the world's largest car exporter. However, it is possible for a country to plateau at their peak for a long time before decline sets in. The growth rate in China has already been slowing down, which was actually desired by Chinese policymakers. Additionally, China is facing a shrinking population in their 40s due to aging, which may impact their productivity gains in the future.