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China’s Crumbling Economic Story

China’s Crumbling Economic Story

Economics Explained

November 20, 202317m 15s

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Show Notes

Deng Xiaoping's reforms in the 80s transformed Shenzhen, a small town near Hong Kong, into an economic powerhouse. China's rapid growth lifted millions from poverty but did it grow too quickly to be sustainable? Now China faces deflation, and experts are worried that this could spell the end of the economic miracle.

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