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

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

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Originally published April 5, 2016
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About China's Innovation Challenge: Overcoming The Middle-Income Trap


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. . . .

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