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China's Innovation Challenge: Overcoming the Middle-Income Trap

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 | #1708698 in eBooks |  2016-04-21 |  2016-04-19 | File type: PDF

|| |"China's economic development was an economic miracle that only thirty years ago no one would have predicted. It has become the world's second largest economy and the world's factory. China's Innovation Challenge is an erudite and comprehensive examination of

The miracle growth of the Chinese economy has decreased from a compound annual growth rate of 10% to less than 7% in 2015. The two engines of growth - export on a scale never before witnessed and massive infrastructure investments - are reaching the point of diminishing returns. This poses the central question which is explored in this book - can China escape the middle-income trap? Assuming current political arrangements remain unchanged and that it does not or cannot a...

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