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China Daily | Updated: 2022-10-31 11:28

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John Ross, former director of London Economics and Business Policy Agency; senior research fellow, Chongyang Institute for Financial Studies of Renmin University of China. [Photo provided to China Daily]

Overall, China's development pattern is an enormous success. The country has now caught up with every major economy and every comparable economy in the world. With the transition to a high-income economy, the proportional economy, which is accounted for by capital investment, would be expected to rise.

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