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Contemporary China Studies
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Open Access This content is freely available online to anyone, anywhere at any time.

China: Surpassing the “Middle Income Trap”

Authors: Zhou, Shaojie, Hu, Angang

  • Open Access
  • Explores the problem of the 'middle income trap'
  • Explains the logic underpinning the 13th five year plan
  • Gives a realistic glimpse of China's economic future
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  • ISBN 978-981-15-6540-3
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  • Due: December 13, 2020
  • ISBN 978-981-15-6539-7
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About this book

This open access book explores one of the most fiercely debated issues in China: if and how China will surpass the middle income trap that has plagued many developing countries for years. This book gives readers a clear picture of China today and acts as a reference for other developing countries.

China is facing many setbacks and experiencing an economic slowdown in recent years due to some serious issues, and income inequality is one such issue deferring China’s development potential by creating a middle income trap. This book thoroughly investigates both the unpromising factors and favorable conditions for China to overcome the trap. It illustrates that traps may be encountered at any stage of development and argues that political stability is the prerequisite to creating a favorable environment for economic development and addressing this “middle income trap”.

Written by one of China's central planners, this book offers precious insights into the industrial policies that are transforming China and the world and will be of interest to China scholars, economists and political scientists.

About the authors

Shaojie Zhou received his Ph.D. degree in Economics from the Chinese University of Hong Kong in 2007. Currently, Zhou serves as the associate professor of School of Public Policy and Management, the deputy director of the Institute for International Development and Global Governance at the school and a research fellow at the Institute of Contemporary China Studies at Tsinghua University, China. His research interests include development research and policy, the Chinese economy, international development, and global governance. 

Angang Hu now serves as the Professor of the Institute of State and Global Governance, Dean of the Institute of Contemporary China Studies, at Tsinghua University, China. He was a member of the Advisory Committee for the Thirteenth, Twelfth and Eleventh Five-Year Plans under the National Development and Reform Commission.


Reviews

​“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 Economy)
“There are many disputes about the concept of "middle-income trap" in the academic community, but the "middle-income trap" has become an important perspective for understanding China's development prospects. Based on this perspective, this book gives an explanation of Chinese-style development and governance.” (Shaoguang Wang, Emeritus Professor at the Chinese University of Hong Kong and Professor at Tsinghua University)

Buy this book

eBook  
  • ISBN 978-981-15-6540-3
  • The ebook is not yet available online.
Hardcover $59.99
price for USA in USD
  • Customers within the U.S. and Canada please contact Customer Service at +1-800-777-4643, Latin America please contact us at +1-212-460-1500 (24 hours a day, 7 days a week). Pre-ordered printed titles are excluded from promotions.
  • Due: December 13, 2020
  • ISBN 978-981-15-6539-7
  • Free shipping for individuals worldwide. Please be advised Covid-19 shipping restrictions apply. Please review prior to ordering.
  • Immediate ebook access, if available*, with your print order
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Bibliographic Information

Bibliographic Information
Book Title
China: Surpassing the “Middle Income Trap”
Authors
Series Title
Contemporary China Studies
Copyright
2021
Publisher
Palgrave Macmillan
Copyright Holder
The Editor(s) (if applicable) and The Author(s)
eBook ISBN
978-981-15-6540-3
DOI
10.1007/978-981-15-6540-3
Hardcover ISBN
978-981-15-6539-7
Edition Number
1
Number of Pages
XVII, 218
Number of Illustrations
49 b/w illustrations
Topics

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