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China is a very specific case as the demographic transition from a youthful society to an ageing one took place at an earlier stage of economic development than in most richer countries and has happened much faster.
But most richer countries, including the US and China, the nations who started the clamor to get prices right haven't done so well.
Similar(58)
Most rich economies are now facing recession.
In most rich countries they cut hours more than bodies.
Most rich countries today already enjoy low bond yields.
Interest rates in most rich countries cannot fall much further.
In most rich countries recoveries are still fragile.
Productivity is at a crawl in most rich economies.
Most rich people want only that other rich people know exactly how rich they are.
Fairest Cordelia, that art most rich, being poor; Most choice, forsaken; and most loved, despised!
Still, most rich countries have reported increases in happiness as they become richer.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com