China’s structural growth - From opportunities to challenges with risks
After more than 40 years of economic reforms, China is arguably moving from an era of growth opportunities towards a challenging period fraught with reform fatigue, resistance to change and diminishing marginal returns on investment. • A payback for past economic excesses, a change in the ideological approach to development, and an economic structural transformation to address these first two problems are the key forces affecting China’s long-term growth trajectory. • They will create economic and geopolitical risks for China in the coming years, prompting some players to draw parallels between China’s future and the economic woes of Japan and the former Soviet Union in the 1980s and 1990s. Some even see an end of the China growth story
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