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China and the Middle Income Trap

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  • John WONG

Abstract

Is China falling into the “middle-income trap” (MIT) with its current economic slowdown? Extrapolating from its 2015 per capita income of US$8,300 and benchmarking a developed economy at US$16,000, China would become a developed economy within 10 years with a reasonably strong growth of around 6%. China’s impressive R&D efforts and industrial upgrading towards “intensive manufacturing” could help it cross the MIT; however, it may run into a new kind of trap, the “low-income developed-economy trap”.

Suggested Citation

  • John WONG, 2016. "China and the Middle Income Trap," East Asian Policy (EAP), World Scientific Publishing Co. Pte. Ltd., vol. 8(03), pages 78-86, July.
    • Handle: RePEc:wsi:eapxxx:v:08:y:2016:i:03:n:s1793930516000313
    DOI: 10.1142/S1793930516000313
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    Cited by:

    1. Kerry Liu, 2018. "Chinese Manufacturing in the Shadow of the China–US Trade War," Economic Affairs, Wiley Blackwell, vol. 38(3), pages 307-324, October.
    2. Bingqiang Li & Lei Huang, 2019. "The Effect of Incremental Innovation and Disruptive Innovation on the Sustainable Development of Manufacturing in China," SAGE Open, , vol. 9(1), pages 21582440198, February.

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