According to the FT UK Markets, China requires a new economic growth model. This development is significant for both Beijing and the global economy.
China's economy is in need of a new growth model, according to a report from FT UK Markets. This assessment, published today, highlights the significance of such a change for Beijing.
The report also indicates that this requirement for a new growth model in China has implications for the wider global economy.
Why this matters: The need for a new growth model in China is stated to be important for Beijing and the rest of the world economy.
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