But as many have observed, that era is slowly coming to an end.Jefferies recently published a massive 426-page report that boils
down what we can expect in this next phase of China's development.

Here's a portion of the bank's summary of its presentation, called Jefferies "China 2025: A Clear Path to Prosperity":

Academics have already pointed out that China has hit ‘a Lewis turning point’ (China has run out of cheap labor) and/or growth will eventually slow since the economy has ‘less catch-up left’ as technological limits are appearing (Solow Growth Model).