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China Today
 
  • Where is China today?
  • Although we are impressed by the massive economic development unleashed by Deng Xiaoping, China and the Communist party are in a fragile state.
  • Despite its economic progress, China is in a difficult economic situation.
  • Most of China's industry which was created under the old Stalinist system, is a drag on the economy.
  • Chinese banks are not solvent, due to non-performing loans to the state industries.