Who’s afraid of China? Everyone apparently.
As China’s economic might grows, trading partners from Europe to Asia to the U.S. are crying foul, some louder than others.
But growing domestic tensions and internal economic imbalances are forcing Chinese leaders to overhaul the very economic model that has served them so well for the past decade.
“China’s economic policymakers are facing a crunch moment in the next few years because the economic model that has served them well for the past decade is no longer working,” said Mark Williams, chief Asia economist at Capital Economics.
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