Chinese Econ Growth & the Middle Income Trap Myth

Richard Tren is a program manager and policy writer at the Searle Freedom Trust. He’s seen a lot of the world, as have his grandparents. They first saw China in the 1980s. The timing is notable because the poverty they witnessed (including toilets that were holes in the ground) has them in disbelief when their grandson tells them the country’s cities presently shimmer with bright skyscrapers everywhere one looks.

China’s remarkable advances from abject poverty require consistent reminders given the desire of pundits and expert economists to tell the country how to grow. That their advice would logically slow economic growth is the real truth, but we’re getting ahead of ourselves.

 

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