China's economy grew at a 10% annual rate for 30 years. That has never happened before in any country. China also accounted for one third of the global growth in 2013. What happens in China is very important to the global economy. China's growth rate has fallen to around 7% in the last few years and some are concerned that China will fall into the middle income growth trap from which it is difficult to escape. This study attempts to explain the factors behind China's impressive growth rate; it also evaluates its plan to escape the middle income growth trap.
If we all did more we all could do less.
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