China’s state-led economic model has defied conventional theory. Its economy has recently slowed. Photo: Xinhua

China’s economic prospects are less promising than Japan’s or South Korea’s at similar stages, US think tank says

  • Country needs tough reforms to boost economic growth and avoid ‘middle-income trap’, report says
  • Amid trade war and teetering economy, China’s ‘economic miracle’ stalls
Topic |   China economy

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China’s state-led economic model has defied conventional theory. Its economy has recently slowed. Photo: Xinhua
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