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To sustain prosperity as its population shrinks, China will have to invest big at home

By Yixiao Zhou, Associate Professor in Economics and Director of China Economy Program, Australian National University

China’s economy met the government’s official growth target in 2025, with official figures showing real gross domestic product (GDP) expanded by 5%.

Exports played an outsized role in delivering this headline growth. Despite a simmering trade war with the United States, China finished up the year with a record-breaking…

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