In my opinion, the global economy has long experienced huge problems. In the past decade, the global economy has actually relied on a combination of super-issuance + looseness + asset bubbles to support it. The global economy has been in a low growth stage. The United States, Europe and Japan are all trapped in the quagmire of low growth, low inflation and high debt, and maintain the illusion of growth through financialization, debt expansion and technological monopoly. In contrast, it is indeed an extremely rare phenomenon in economic history that China can maintain systematic expansion in infrastructure, manufacturing, digitalization, supply chain and other fields~
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