How could the private sector's competition with state rivals impact China's economy?
China's New Money Men
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The National People's Congress in China is set to discuss a new budget and the end of pro-market reformers' influence. Concerns arise about potential economic nationalism and intervention. Bloomberg projects a 5% growth if the right reforms are implemented, addressing the property crisis, aging population, and trade. Failure to reform could result in a 2% growth, keeping the US as the largest economy.
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What could happen to China's economic growth if key reforms are not implemented successfully?
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