Re:Is China a developed country? A long and better answer
by alanwong on Tuesday August 21, 2018 @02:04AM
(#17807370)
That's probably the literally trillion dollar question. I talked a bit about it with China scholars. The only thing they kind of agreed on is that it's a big question mark.
China is confident that it can avoid the trap, though. Lou Jiwei, the former finance minister, famously said 2 years ago that China had a 50/50 chance of getting stuck at "middle income." But now as a head of a different government agency he recently said that he's confident that China will become a high-income country in a few years.
That's probably something we should address in another article later.
China is confident that it can avoid the trap, though. Lou Jiwei, the former finance minister, famously said 2 years ago that China had a 50/50 chance of getting stuck at "middle income." But now as a head of a different government agency he recently said that he's confident that China will become a high-income country in a few years.
That's probably something we should address in another article later.