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China's economy has grown exponentially over the last four decades, but George Magnus, former chief economist at UBS, sees four traps that could derail its continued ascent: rising debt, the struggle to keep its currency stable, aging demographics, and the challenges of changing from a low-income economy to a complex middle-income one. Will Xi Jinping be open to reform? What could be the effects of lingering U.S.-China trade tensions?

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