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China's changing economy has significantly impacted Beijing by transforming it into a major global financial center. The shift towards a market-oriented economy has spurred rapid urbanization, leading to increased investment in infrastructure and real estate. As a result, Beijing has experienced significant economic growth, attracting both domestic and foreign businesses, while also facing challenges such as rising living costs and environmental concerns. This economic transition has also influenced the city's cultural landscape, fostering innovation and a burgeoning tech sector.

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1w ago

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