Looking Ahead: China Becoming a High-Income Economy
Nearly four decades of reform and opening-up shows that China is one of the few successful cases of development. First, sustained high growth became a reality in China. China’s GNP grew by 32.19 times from 1978 to 2016 at constant prices, that is, an annu
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China: Surpassing the “Middle Income Trap” sh ao j i e z hou a ng a ng h u
Contemporary China Studies Series Editor Angang Hu Institute for Contemporary China Studies Tsinghua University Institute for Contemporary China Studies Beijing, China
Shaojie Zhou • Angang Hu
China: Surpassing the “Middle Income Trap”
Shaojie Zhou Tsinghua University Beijing, P. R. China
Angang Hu Tsinghua University Beijing, P. R. China
Contemporary China Studies ISBN 978-981-15-6539-7 ISBN 978-981-15-6540-3 (eBook) https://doi.org/10.1007/978-981-15-6540-3 © The Editor(s) (if applicable) and The Author(s) 2021. This book is an open access publication. Open Access This book is licensed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons licence and indicate if changes were made. The images or other third party material in this book are included in the book’s Creative Commons licence, unless indicated otherwise in a credit line to the material. If material is not included in the book’s Creative Commons licence and your intended use is not permitted by statutory regulation or exceeds the permitted use, you will need to obtain permission directly from the copyright holder. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, expressed or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publisher remains neutral with regard to jurisdictional claims in published maps and institutional affiliations. This Palgrave Macmillan imprint is published by the registered company Springer Nature Singapore Pte Ltd. The registered company address is: 152 Beach Road, #21-01/04 Gateway East, Singapore 189721, Singapore
This book was realized as a result of national top think tanks’ research initiative and sponsored by the Institute for National Governance and Global Governance at Tsinghua University
Praise for China: Surpassing the “Middle Income Trap” “This book provides an empirical summary of how China crossed the “poverty trap” and an objective analysis of how China overcomes the “middle-income trap” by drawing China’s development paths. It is worth reading by those interested in China’s development.” —Jinjun Xue, Professor of Economics Research Center at Nagoya University and Co-Director of the Institute of Global Low-carbon Eco
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