China is maturing

Diana Fung, Wharton School, University of Pennsylvania
Diana Fung, Wharton School, University of Pennsylvania |

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The rise of China is one of the most important stories of our time. The country has been lucky enough to experience 30 years of rapid growth - it is now the world's second-largest economy.

Although growth has slowed a little, I wouldn't say China's in decline. Sure, there are challenges. It's no longer the cheapest country in which to manufacture goods. It has problems with pollution and corruption. But with the right reforms, China can mature into a major force for good in the world.

President Xi Jinping has already talked about reforms. I hope he continues along this path so that China can eventually be compared to places like the US, Europe and Japan. All we need to do is give it some time, and be patient.

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