How China’s fast-transforming economy can avoid painful L-shaped growth

Quick Summary:

The country has all the tools – and resilience – it needs to adapt to its new geopolitical environment and accelerate the domestic transformation.

With too much credit having been pumped into physical infrastructure and property, the debt-to-gross-domestic-product ratio soared and overcapacity plagued a number of industries, including coal mining, steel and cement.

But internal developments are even more relevant.

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Article Details

Author / Journalist: Prof Zhang Jun

Category: Business

Markets: Hong KongChinaUnited States

Topics: External Including Chinese Economy Years Sector China’s Falling Developments Model Business

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-11 @ 14:30:14 (1 days ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 223 words

Reading Time: 2 minutes read

Sentences: 11 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 24348539

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