The implications of China’s mid-income trap
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1/7 Good article on expected leadership changes in economic policymaking. As the article notes, it seems that in China technical experience and expertise have become much less important than political experience and proficiency (and loyalty to Xi)
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by Gavin Bade
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"the IMF has become much gloomier on the longer-term growth potential of China," partly, it seems, because China has failed to implement the right "comprehensive set of reforms".