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China’s Economic Miracle Is Ending The China miracle is ending. That miracle consisted of very exceptionally strong growth of the economy. By 2010, GDP per capita, adjusted for inflation, was 17 times higher than it had been in 1980. Consider that if living standards doubled in a generation, that would be pretty cool. But a 17 times increase? That can be called a miracle. China’s growth has slowed in recent years, partly due to maturity. Extremely poor countries have the potential to grow rapidly. As they approach the level of developed countries, growth is harder and thus slows. See, for example, China Is Too Mature For Rapid Economic Growth.

United statesDeng xiaopingMichael schumanJack maNicholas lardy of the peterson instituteInternational monetary fundBill conerlyInternational monetaryNicholas lardyஒன்றுபட்டது மாநிலங்களில்மைக்கேல் ஶ்யூமந்பலா மாசர்வதேச பண நிதிர சி து கோணேர்லிசர்வதேச பண