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Comparative analysis reveals China's economic growth will slow, suggesting a need for structural change in its development model.
Starting from the comparisons of international industrialization history, we suggested that the successful successor economic entities have experienced significant economic fallouts when GDP per capita reached USD 11,000 after rapid economic growth resulting from the condensed development. By learning from the international empirical evidence and by analyzing Chinas potential for growth, we suggested that China will enter slow growth around year 2015. Therefore, the current development mode has to change in terms of growth structure and economic system.
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Liu Shijin (2012) studied this question.
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