Chinese Growth Story – Not a New Tale
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The global media is enamored with the Chinese growth story, but in reality this should not be an enormous surprise.
For much of the past 2000 years, India and China were the dominant economies on the global landscape. Economic superpower status changed abruptly during the industrial revolution, but as The Economist pointed out, “Why they fell so far behind may be more of a mystery than why they are currently flourishing.”
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