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How China’s belt-tightening affects the world
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With slower growth in China’s economy, young professionals and middle-class people around the country are tightening their belts and cutting down on spending. Many young people say the change is related to the national response to economic challenges. The shift has prompted many foreign governments to raise concerns about China forming excess production capacity, and the impact that could have on the nation’s domestic economy, international relations and even life decisions made by Chinese citizens.
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