No middle-income trap for China

Friday, April 26, 2019

Project China trap PIC - businesstimes.com.sg

The days of 10% annual growth for the Chinese economy have ended, as was inevitable. But there is good reason to believe that the real story is not the slowdown, but the shift in Chinese output from quantity to quality. STEPHEN S. ROACH* writes

BEIJING: There has always been a fixation on Chinese economic growth. And with good reason. For a large economy, sustaining annual growth rates of 10% over several decades is unprecedented.

And yet that’s exactly what China did from 1980 to 2011. But now the miracle is over. Since 2012, annual growth has slowed to 7.2 percent, and Premier Li Keqiang’s recent annual “work report” set a growth target of just 6-6.5 percent for 2019.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

42 out of 45 bodies of Limpopo bus crash victims identified

Boikanyo Mathonsi | 14 h ago

Selefu

15 h ago

Selefu

15 h ago

Civil Society threatens court action over constitution amendment

Innocent Selatlhwa | 16 h ago

Fans urged to fill up stadium

Kabelo Boranabi | 16 h ago

Coaches take jabs ahead of derby

Kabelo Boranabi | 16 h ago

A city divided!

Kabelo Boranabi | 17 h ago

Civil Society threatens Masisi with legal action

Innocent Selatlhwa | 18 h ago

Routine child vaccination imperative

The recent Vaccination Day in Motokwe, orchestrated through collaborative efforts between UNICEF, USAID, BRCS, and the Ministry of Health, underscores a commendable stride towards fortifying child health services.The painful reality as reflected by the Ministry of Health's data regarding the decline in routine immunisation coverage since the onset of the pandemic, is a cause for concern.It underscores the urgent need to address the...

The Monitor Editor | 15 April 2024

About us

Mmegi is the leading independent source of breaking news, latest news, current
affairs, Politics, Business, Sport, debates, analysis, and entertainment news in Botswana.

Explore

More

No middle-income trap for China

The days of 10% annual growth for the Chinese economy have ended, as was inevitable. But there is good reason to believe that the real story is not the slowdown, but the shift in Chinese output from quantity to quality. STEPHEN S. ROACH* writes

42 out of 45 bodies of Limpopo bus crash victims identified

Selefu

Selefu

Civil Society threatens court action over constitution amendment

Fans urged to fill up stadium

Coaches take jabs ahead of derby

A city divided!

Civil Society threatens Masisi with legal action

Routine child vaccination imperative