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  • Beijing Review

    A TRAP WITHIN A TRAP

    Jan 30, 2020 3 minutes
    By Ma Guangyuan
    Copyedited by Rebeca Toledo

    The author is an economist and deputy director of the Central Economic Council of the China National Democratic Construction Association

    China’s economy is entering a new stage after its per-capita GDP surpassed $10,000 in 2019, according to official figures released by the National Bureau of Statistics on January 17. This means that the country faces a critical moment as it confronts the challenge of escaping the so-called “middle-income

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