Why China’s ‘miracle’ growth has slowed
by Erika Page
Sep 22, 2023
3 minutes
Since opening its economy in the late 1970s, China has achieved impressive levels of economic growth. What’s often referred to as its economic “miracle” lifted over 800 million people from poverty and transformed the lower-income nation into an upper-middle-income powerhouse, making up close to one-fifth of the world’s economic output.
So recent warnings of serious economic troubles in China have caught the world’s attention. In the United States, which was already working to “de-risk”
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