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The age of the Chinese consumer
First, rapid growth in wages is expected to support strong medium-term expansion in consumer demand, helping to boost the share of consumption in GDP over the long term. Large annual increases in minimum wages across Chinese provinces, together with …
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Why should this single economic engine be divided up into dozens of separate municipalities? Kiley's proposal was part of a wave of expansionist thinking that spanned more than 30 years. Though its most radical ideas failed, it was deeply influential …
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