Structural change, rebalancing, and the danger of a middle-income trap in China

Helmut Wagner

No 13/2018, CEAMeS Discussion Paper Series from University of Hagen, Center for East Asia Macro-economic Studies (CEAMeS)

Abstract: 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 ``middle-income 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.

Keywords: structural change; rebalancing; middle-income trap; development; China (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:ceames:132018

DOI: 10.18445/20180712-085208-0

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