An employee adjusts spools of thread at a textile factory in Hangzhou in China’s Zhejiang province on April 17. Photo: AFP
An employee adjusts spools of thread at a textile factory in Hangzhou in China’s Zhejiang province on April 17. Photo: AFP
Fang Zihao
Opinion

Opinion

The View by Fang Zihao

How China can make the next great economic leap

  • China is on the way to being an advanced economy, having avoided common middle-income pitfalls by keeping savings high, industries upgraded and exports diversified
  • But with growth set to slow to 3.8 per cent by 2030, reforms are needed to improve capital investment, smooth out the stock market and better allocate talent

An employee adjusts spools of thread at a textile factory in Hangzhou in China’s Zhejiang province on April 17. Photo: AFP
An employee adjusts spools of thread at a textile factory in Hangzhou in China’s Zhejiang province on April 17. Photo: AFP
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