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Increased pressure on state-owned 'zombies' risk disrupting global supply chains

https://www.wsj.com/articles/how-bad-is-the-china-slowdown-u-s-companies-offer-some-answers-11549908754

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At last year’s 19th National Congress of the Communist Party of China, leaders reminded local officials that, when it comes to economic growth, they should be focused on quality, not quantity. But if local governments are to succeed, China’s leaders will need to update and clarify the incentive system that fueled past success.

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