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Jiang says China's role as the world's low-cost factory raised Western living standards, but after the 2009 financial crisis Western policymakers pushed China into infrastructure spending that eventually became a trap.
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2009 Financial Crisis
A transcript-matched topic anchored by excerpts such as "...that made Western consumers really happy. But then came the 2009 financial crisis. When basically because of circulation, because of stupid policymaking, because of..."
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A transcript-matched topic anchored by excerpts such as "...that made Western consumers really happy. But then came the 2009 financial crisis. When basically because of circulation, because of stupid policymaking, because of..."
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"...that made Western consumers really happy. But then came the 2009 financial crisis. When basically because of circulation, because of stupid policymaking, because of..."
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"And so for the next 10 years, China was digging itself into a hole with all this infrastructure spending. And eventually China decided we..."
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