China and the End of Extrapolation (The Globalist)
China's economy has grown rapidly under the investment and direction of the state, which put workers and resources to productive use compared to pre-industrial China. But sooner or later, the state is going to hit a wall and growth will slow to a more typical pace — or the state will have to make major reforms and get out of the way. In a three-part series, George Magnus analyzes how China can manage this shift.
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