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China's economic growth model is close to its limits

A 'great pause' now seems probable

| China
A residential block under construction in Nanning, pictured on Nov. 15: China's property and construction sectors have become extremely large by comparison with the overall economy.   © FeatureChina/AP

Andrew Hunt is CEO of Hunt Economics and former adviser to Dresdner Asset Management in Asia. Ben Ashby is a former managing director in JPMorgan's Chief Investment Office.

The well-documented problems at some of China's largest property developers are merely symptoms of the deeper structural challenges the country now faces.

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