Sep 25, 2023 // China’s rapid economic development over the past several decades threatens U.S. dominance and has been touted as an alternative model to liberal capitalistic development. Yet China’s economy is suffering today and there are signs of deeper, systemic dysfunction, writes Cambridge's Antara Haldar.
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For four decades, “Made in China” has been a defining feature of global capitalism. China has manufactured a majority of global exports since 2010, and many countries are emulating its development paradigm. But a wave of disappointing economic news from China has given rise to increasingly gloomy forecasts, with some going so far as to argue that decline is imminent. There has been much speculation about .