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The article discusses how the four decades of reform and opening-up in China led to impressive economic growth, causing many to forget about the challenges of the Mao era. However, the author argues that China is now facing a “Long March Back to Stagnation,” indicating a potential return to economic difficulties. The use of the phrase “Long March” alludes to the historical retreat of the Red Army in the 1930s, highlighting the gravity of the situation.Read more: China’s Long March Back to Stagnation
Despite the previous economic successes, the author warns that China may be heading towards a period of stagnation. This shift is significant, as it marks a stark contrast to the rapid growth that characterized the previous four decades. The article suggests that China’s economic future may be uncertain, indicating potential challenges that lie ahead for the country. Overall, it emphasizes the idea that China’s economic landscape is undergoing a significant transformation.