elements in the economy will eventually cooperate under the guidance of government policies.
Some Western institutions and media outlets have never ceased predicting a hard landing for the Chinese economy or even a cliff-diving crisis in the country. Most of the predictions have been proved wrong. The main reason is that they don’t understand the fundamental features of China’s economy. Sometimes, these observers don’t even really understand China’s economic data but draw a conclusion by applying Western historical experience.
The warnings by some Western institutions had indeed wracked the nerves of some …
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