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How the ‘year of the wood snake’ could play out for China’s economy

By Karen Jackson, Reader in Economics, University of Westminster

Chinese people around the world have just celebrated lunar new year, which this year has run from January 28 to February 4. It is the biggest festival of the year in China, signalling the start of spring, and this is the year of the wood snake. According to Chinese astrology, the characteristics of the snake – renewal, potential, opportunity and wisdom – will affect the year ahead.

As we start the new lunar year, it…

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