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China in transition: from heavy industry to the data economy

China’s modernisation has created the world’s premier export machine and innovative social networks, but also resulted in high corporate debt and unprofitable state-owned enterprises. As the government attempts to ease the transition from export-oriented ‘Old China’ to consumption-led ‘New China’, successful high-tech companies are capturing a wealth of consumer data. As they grow, it is worth considering how big data is not only transforming commerce but how it can influence economic models.

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