China lowers its economic growth target for 2026
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A new GDP target concedes Beijing can’t pretend much longer.
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A New Challenge for China’s Economy: ‘Involution’
China is gripped by an insidious problem that is eroding its economy: It is trapped in a cycle of competition so fierce that it is destroying profits, driving a brutal rat race among workers and fueling a deflationary spiral. This is “involution,” a ...