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  • Book
  • Open Access
  • © 2021

China: Surpassing the “Middle Income Trap”

Palgrave Macmillan

Authors:

(view affiliations)
  • Explores the problem of the 'middle income trap'

  • Explains the logic underpinning the 13th five year plan

  • Gives a realistic glimpse of China's economic future

Part of the book series: Contemporary China Studies (COCHST)

Buying options

Softcover Book
USD 149.99
Price excludes VAT (USA)
Hardcover Book
USD 59.99
Price excludes VAT (USA)

Table of contents (5 chapters)

  1. Front Matter

    Pages i-xix
  2. What Is the “Middle Income Trap”?

    • Shaojie Zhou, Angang Hu
    Pages 1-32Open Access
  3. How Did China Overcome the “Poverty Trap”?

    • Shaojie Zhou, Angang Hu
    Pages 33-69Open Access
  4. Will China Fall into the “Middle Income Trap”?

    • Shaojie Zhou, Angang Hu
    Pages 71-131Open Access
  5. How Can China Overcome the “Middle Income Trap”?

    • Shaojie Zhou, Angang Hu
    Pages 133-178Open Access
  6. Looking Ahead: China Becoming a High-Income Economy

    • Shaojie Zhou, Angang Hu
    Pages 179-209Open Access
  7. Back Matter

    Pages 211-218

About this book

This open access book explores one of the most fiercely debated issues in China: if and how China will surpass the middle income trap that has plagued many developing countries for years. This book gives readers a clear picture of China today and acts as a reference for other developing countries.

China is facing many setbacks and experiencing an economic slowdown in recent years due to some serious issues, and income inequality is one such issue deferring China’s development potential by creating a middle income trap. This book thoroughly investigates both the unpromising factors and favorable conditions for China to overcome the trap. It illustrates that traps may be encountered at any stage of development and argues that political stability is the prerequisite to creating a favorable environment for economic development and addressing this “middle income trap”.

Written by one of China's central planners, this book offers precious insights into the industrial policies that are transforming China and the world and will be of interest to China scholars, economists and political scientists.

Shaojie Zhou received his Ph.D. degree in Economics from the Chinese University of Hong Kong in 2007. Currently, Zhou serves as the associate professor of School of Public Policy and Management, the deputy director of the Institute for International Development and Global Governance at the school and a research fellow at the Institute of Contemporary China Studies at Tsinghua University, China. His research interests include development research and policy, the Chinese economy, international development, and global governance. 

Angang Hu now serves as the Professor of the Institute of State and Global Governance, Dean of the Institute of Contemporary China Studies, at Tsinghua University, China. He was a member of the Advisory Committee for the Thirteenth, Twelfth and Eleventh Five-Year Plans under the National Development and Reform Commission.


Keywords

  • Open access
  • Chinese economy
  • 13th five Year Plan
  • Middle Income Trap
  • Made in China 2025
  • Industrial Policy

Reviews

​“This book provides an empirical summary of how China crossed the "poverty trap" and an objective analysis of how China overcomes the "middle-income trap" by drawing China's development paths. It is worth reading by those interested in China's development.” (Jinjun Xue, Professor of Economics Research Center at Nagoya University and Co-Director of the Institute of Global Low-carbon Economy)

“There are many disputes about the concept of "middle-income trap" in the academic community, but the "middle-income trap" has become an important perspective for understanding China's development prospects. Based on this perspective, this book gives an explanation of Chinese-style development and governance.” (Shaoguang Wang, Emeritus Professor at the Chinese University of Hong Kong and Professor at Tsinghua University)

Authors and Affiliations

  • Tsinghua University, Beijing, China

    Shaojie Zhou, Angang Hu

About the authors

Shaojie Zhou received his Ph.D. degree in Economics from the Chinese University of Hong Kong in 2007. Currently, Zhou serves as the associate professor of School of Public Policy and Management, the deputy director of the Institute for International Development and Global Governance at the school and a research fellow at the Institute of Contemporary China Studies at Tsinghua University, China. His research interests include development research and policy, the Chinese economy, international development, and global governance. 

Angang Hu now serves as the Professor of the Institute of State and Global Governance, Dean of the Institute of Contemporary China Studies, at Tsinghua University, China. He was a member of the Advisory Committee for the Thirteenth, Twelfth and Eleventh Five-Year Plans under the National Development and Reform Commission.


Bibliographic Information

Buying options

Softcover Book
USD 149.99
Price excludes VAT (USA)
Hardcover Book
USD 59.99
Price excludes VAT (USA)