Featured in The Economist: Can China cope with a deindustrialised future?

The party’s five-year plans have in the past promised to lift the share of services in the economy as a step towards “rebalancing”. But that vow was dropped in the last plan, which covered the period from 2021 to 2025, points out Adam Wolfe of Absolute Strategy Research, a consultancy. Instead, it promised to keep manufacturing roughly stable as a share of GDP.

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