First published: Caixin Weekly, 30/06/2011
There is a clear-cut way out of the middle-income country trap – but it requires a commitment to the creation of high quality institutions
The 90th anniversary of the founding of the Communist Party is an opportunity for China to celebrate economic and political achievements that have eluded all other communist parties. It is a testament to the pragmatism that the Party has demonstrated ever since Deng Xiaoping became determined to lift China out of poverty 30 years ago. But this anniversary is occurring against a backdrop of challenges which should make us wonder what China might look like when the centenary comes around…..more
