China’s New Digital Dividend

Over the past four decades, China has gone from being a low-wage supplier to one of the three most important links in the global value chain, alongside the United States and Germany. Despite growing concerns about China’s corporate debt – which is now close to 170% of GDP – and its ability to escape the middle-income trap, rapid digitization will allow the Chinese economy to … http://bit.ly/2wejy8w

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