What are the results of China's current economic model?

Question

Quizplus · Accepted Answer

China's current economic model has resulted in big box retail stores, a low wage skilled workforce, and intensified regional gaps. The expansion of large retailers such as Alibaba and JD.com has contributed to the rise of big box stores, while the focus on low-end manufacturing and the suppression of labor costs has led to a low wage skilled workforce. These factors have also exacerbated regional inequalities, with wealth and development concentrated in certain areas while others struggle to catch up.

What Are the Results of China's Current Economic Model