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China’s economy is going through some of the same growing pains that Japan once experienced: lower consumer spending, overbuilding on homes and offices, local government debt that runs into the trillions of dollars, and high unemployment among young people. The run of impressive growth rates seems to be over; it’s now hovering around three percent. More
The post China’s Faltering Economy and Its Implications appeared first on CounterPunch.org.
This content originally appeared on CounterPunch.org and was authored by Mel Gurtov.