With a shrinking population and a collapsed property market, turning to a technology-led growth strategy was a logical step for China. The model has surpassed expectations, even with the fundamental flaw of being unable, for now, to create enough wealth to lift the fortunes of a broad slice of society.  

With a shrinking population and a collapsed property market, turning to a technology-led growth strategy was a logical step for China. The model has surpassed expectations, even with the fundamental flaw of being unable, for now, to create enough wealth to lift the fortunes of a broad slice of society. 

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