Can China rise to high income?

Yiping Huang

    Research output: Chapter in Book/Report/Conference proceedingChapter

    Abstract

    In 2014, China’s GDP per capita reached US$7,500, but its GDP growth decelerated to 7.4 per cent from 7.7 per cent a year earlier. The combination of these two indicators raises the question of whether China will be able to continue its steady economic growth, avoid the ‘middle-income trap’ and become a highincome economy in the coming decade. The sustainability of Chinese growth has always been a contentious subject, but the challenge has never appeared more real than it is now because, historically, most other countries failed to graduate into high-income status after reaching a similar stage of development. And, more alarmingly, Chinese growth has been slowing quite visibly and persistently for the past several years.
    Original languageEnglish
    Title of host publicationAsia and the Middle-Income Trap (Pacific Trade & Development Conference Series - PAFTAD)
    Editors Francis E Hutchinson & Sanchita Basu Das
    Place of PublicationNew York
    PublisherRoutledge Taylor & Francis Group
    Pages81-100
    Edition1
    ISBN (Print)978-1-138-93511-2
    DOIs
    Publication statusPublished - 2016

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