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China's economic slowdown is having a significant impact on global economic growth, with countries like Japan and South Korea heavily reliant on Chinese imports. The Chinese government is hesitant to take strict measures to slow down growth, leading to concerns about inflation and slowing growth. The article also discusses the issue of the "new middle class" in China and their reluctance to spend money despite higher incomes. Financial struggles are faced by lower-income populations in China, and there are concerns about China's military expansion and its impact on neighboring countries. Overall, there is a positive perception of China's economic development, but concerns about its military growth.