China__Masterclass__China_2011_England_1890_04_01_12_01_01.pdf
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China – Masterclass: China 2011, England 1890 [Correction]
• China’s urbanisation is taking place on an unprecedented pace and scale, and there is more to come
• Urbanisation, invented in England in the 19th century, generated virtuous circles of economic growth
• As higher wages and energy costs in China spread, better market institutions will be needed


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