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More than at any time in the history of modern China, 2016 will be a pivotal year for the economy. Indeed, the odds are not small that the county’s economic troubles — which, remarkably, seemed like genuine news to much of the world in 2015 — will only get worse.

Such a turn of events could well have a fundamental impact on the growth of the global economy, which is still inching forward in slow motion following the recent financial crisis. And for emerging markets in particular, a China in econo...

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The Paul H. Nitze School of Advanced International Studies (SAIS)
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