[CEAMeS DP13 ] – “Structural change, rebalancing and the danger of a middle-income trap in China”

CEAMeS Discussion Paper No 13 | 2018

Helmut Wagner

China is currently experiencing a structural change toward tertiarization and an implied growth slowdown associated with it. The paper investigates whether this growth slowdown is merely cyclical or a negative trend, and further what China is doing or should do to avoid falling into a “middleincome trap,” a problem many emerging economies have experienced in recent decades. The pitfalls of the current “soft” rebalancing policy in China are analyzed in the context of this development.

Read Full Article (PDF 1 MB)

Ceames Center | 03.04.2019