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China's Churn, a 20-page article from the Federal Reserve Bank of Dallas, examines China's changing economy, or its churn, which is defined as "creative destruction." Filled with photographs, this easy-to-read piece thoughtfully illustrates China's changing economy with case studies of several Chinese cities including Guiyang, Wenzhou, and Shanghai. The paper also offers exhibits in which charts and graphs show some of the changes, including The Changing Face of Rural Employment, The Exodus of Urban Workers from State-Owned Enterprises, and Bounty of Market Reform. Be forewarned, although this document is only 20 pages long, it's a whopping 3226K.
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