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Forty years of continuous growth has transformed China into one of the world’s two largest economies. This is a remarkable achievement that has lifted hundreds of millions of people out of poverty and into the global middle class, consistently surpassing expectations and confounding those who predicted an economic bust.
That pace of growth is now slowing for several reasons. Like in many advanced economies, China’s population is getting older — a demographic transition that has been exacerbated by China’s one-child policy between…
