The China miracle is ending. That miracle consisted of very exceptionally strong growth of the economy. By 2010, GDP per capita, adjusted for inflation, was 17 times higher than it had been in 1980. Consider that if living standards doubled in a generation, that would be pretty cool. But a 17 times increase? That can be called a miracle..
To read more: https://www.forbes.com/sites/billconerly/2021/05/04/chinas-economic-miracle-is-ending/?sh=2580a253aa9d
SOURCE: FORBES
tags:
economy
