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What Dan Wang Saw on His Last Trip to China
There's this weird contradiction that hovers almost all conversations regarding the Chinese economy. On the one hand, the growth and rising material prosperity is undeniable. And of course, Chinese industrial giants are at the frontier in all kinds of things, like batteries. On the other hand, you always hear about a soft domestic market, and a general state of unease among workers who fear that precarity is around the corner. So how is this contradiction explained? And how does it affect day-t…
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