China in the 2020s: interdependence or globalisation with Chinese characteristics

Magnus, George (2019) China in the 2020s: interdependence or globalisation with Chinese characteristics [Working paper]
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The conventional narrative is that China is, or will, by 2030, be the largest economy in the world. Based on commonly held expectations historically about prewar Germany, the USSR and Japan, greater humility would not go amiss. It is not preordained that past economic trends will continue, especially in view of a much compromised outlook for both China and the rest of the world in the 2020s.

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