China will rein in vicious competition at the root of its overcapacity

Дата публикации: 09-01-2025 12:30:09

The Chinese economic miracle occurred on a far greater scale than even the most experienced observers could have imagined. It transformed a country with a gross domestic product of US$361 billion in 1990 into an international financial powerhouse and market leader in several technology-related areas.
By 2023, its GDP had risen to US$17.8 trillion, an increase of over 4,800 per cent. This economic transformation lifted over 800 million people from poverty, vastly expanded the middle class and led...

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