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China’s GDP growth was cruising at 6-7.8 % from 2013 to 2018. It slowed to 3% growth in 2022, despite post-covid opening up. Even in 2023 GDP will probably rise to just 4.7%. China’s economy has worried global financial markets and businessmen. China might fall into a debt-deflation loop. To understand China’s economic slowdown watch this video. Latha Venkatesh Explains.
#china #economy #inflation
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