Has China really avoided the middle income trap?

Lou Jiwei, the former Chinese finance minister, sparked a debate two years ago saying China had a 50/50 chance of falling into the so-called middle income trap, a term used by the World Bank to refer to nations that get stuck at a middle level of economic development as they attempt to grow rich. Lou, currently head of the National Council for Social Security Fund, now says … http://bit.ly/2iogkgT

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