Challenges Facing the People’s Republic of China
Edited by Juhzon Zhuang, Paul Vandenberg and Yiping Huang
Chapter 3: Avoiding the middle-income trap: policy options and long-term outlook
3. Avoiding the middle-income trap: policy options and long-term outlook Juzhong Zhuang, Paul Vandenberg, and Yiping Huang 3.1 INTRODUCTION The People’s Republic of China (PRC) graduated from low- to middle- income in 1998 and, until very rec...
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