This week marks 70 years since the Chinese Communist Party, led by Chairman Mao Zedong, founded the People's Republic of China, setting in motion one of the most staggering economic transformations in modern history.
Seven decades on, China continues to pursue expansion and its recent shift in strategy from rapid growth, driven by fixed-asset investment and cheap manufacturing, towards more sustainable, high-quality economic development should improve living standards and boost efficiency. This change in approach also offers plenty of opportunities for investors. The winners and losers from the escalating US-China trade war Since the introduction of political and economic reforms in 1978, China has experienced rapid social and economic development, with GDP growth averaging nearly 10% a year. A...
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