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China’s economic boom is a great story, but for many it still reads like Les Misérables

Summary:
[unable to retrieve full-text content]For those following China’s economic and social developments, a common impression is that there are always two seemingly conflicting stories unfolding in the world’s second-largest economy.The first story is about a booming China. The country has never been so prosperous and powerful, and it is only a matter of time before China replaces the United States as the world’s top economy. In the latest set of macroeconomic data for 2020, the figures make China the envy of other major economies – a 2…

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[unable to retrieve full-text content]
For those following China’s economic and social developments, a common impression is that there are always two seemingly conflicting stories unfolding in the world’s second-largest economy.The first story is about a booming China. The country has never been so prosperous and powerful, and it is only a matter of time before China replaces the United States as the world’s top economy. In the latest set of macroeconomic data for 2020, the figures make China the envy of other major economies – a 2…
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