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Evan A Feigenbaum: China's great rebalancing act

Its capital-intensive, export-oriented approach is delivering diminishing returns and threatens to become a major political vulnerability for the govt

For decades, China’s blistering growth has depended on exports and investment. The country has become the world’s workshop, lifting millions out of dire poverty. And for the first time in nearly two centuries, China has returned to a position of global power and influence. But this growth model is no longer sustainable and its savvy leaders know it. They are committed to rebalancing the country’s economy because their capital-intensive, export-oriented approach is delivering diminishing returns and threatens to become a major political vulnerability for the ...