Beijing likes to trumpet its economic clout. And as the second largest economy in the world there's no denying its power and influence. But the Chinese economy is a "black box" according to noted historian, Frank Dikötter, which even senior Chinese officials don't fully understand. It's an economic cauldron powered by massive debt, political spin and ideological dogma – a unique fusion of ersatz capitalism and rigid central planning. And unless we in the West get a better understanding of its complexity, global future prosperity is far from assured.

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