“as China's old economy of commodities/ manufacturing has become mired in debt and decay, China’s boom has been sustained by

“as China's old economy of commodities/ manufacturing has become mired in debt and decay, China’s boom has been sustained by tech sector. Over past decade, digital economy’s share of China’s GDP has quadrupled to 40%.” Make sense @michaelxpettis ?
ft.com/content/e8fc84… https://t.co/Mv1urINUyj

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