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Michael Pettis
michaelpettis.bsky.social
did:plc:aday7msfnpqba7psqpjq3pij
3/11
It will also be an important test of the extent to which China can rebalance. China's low consumption share was largely driven by low wage growth relative to productivity growth in the 1990s and 2000s. This also drove the manufacturing sector's rising global competitiveness.
2025-08-28T09:32:07.068Z