China’s bright economic future is bound up in the past

by | October 20, 2017 2:05 pm

BEIJING—President Xi Jinping lauded China’s transition to high-quality growth as he opened a major leadership meeting this week. For now, though, smokestack industries are carrying the economy.   It grew at a 6.8% pace in the third quarter, much above forecasts at the beginning of the year that warned of a slowdown.   Nothing less…

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