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The China Boom and its Discontents

The China Boom and its Discontents

Chinese economic growth is less problematic now than at any time since the beginnings of reform more than a quarter of a century ago. Economic growth last year and this is proceeding at an annual rate around nine and a half percent, which is the average rate of the reform period. The deflation of the early twenty-first century has ended, without being replaced by worrying degrees of inflationary pressure. Last year’s concerns about excessive...

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