China's choice : Capturing the $5 trillion productivity

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Where is China’s economy heading? After many years of apparently inexorable rapid growth and economic development, it is rare for such a question to be greeted with so many possible answers. Uncertainty about China’s economic trajectory abounds. Slowing growth, rising debt, and a deterioration in corporate performance all suggest that the investment-led model that has served the economy so well thus far is no longer fit for purpose, and that a new approach is now needed.

Source : McKinsey Global Institute

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