From the Middle-Income Trap to the Threshold Effect -- How Does China Avoid “Secular Stagnation? -- Establishing a New Development Paradigm by Strengthening Comparative Advantage -- Dynamic Balance of Regional Economic Growth -- Productivity, New Growth Drivers and the Manufacturing Industry...

This book explains why China’s opening-up policy can boost the rapid growth of its economy. Based on concrete facts and economic logic, it offers a brief introduction to the history of China’s successful development, which has unprecedentedly helped improve people’s lives and community...

Preface; Contents; Chapter 1: It Takes 30 Years to Reach Benevolent Governance; 1.1 Doubling of Per Capita Income; 1.2 Worldwide Example of Poverty Reduction; 1.3 China's Featured Policies of Agriculture, Farmer and Rural Area; 1.4 Social Protection That Develops from Nothing; 1.5 Unbalanced Inclusive...

China's change to a new model of growth, now called the 'new normal', was always going to be hard. Events over the past year show how hard it is. The attempts to moderate the extremes of high investment and low consumption, the correction of overcapacity in the heavy industries that were the...