The current Chinese development model is nearing its limits. The World Bank has cautioned that China could find itself … in a “middle-income trap”. China recognizes that it must dramatically increase its capacity for innovation to avoid this … trap. This chapter provides an introduction to the enormous complexities and challenges that China faces in transforming …

China's fast growth has been accompanied by rising regional inequality, triggering debate over a policy trade …-off between aggregate growth and equity. We set out a three-region model of China in which local government behavior affects local …

necessary for authorities in the People’s Republic of China (PRC) to consider an approach that would further attune its economic …

the government set up to shape the business environment of private firms. Focusing on China during its crucial two decades … educated, with more diverse sectoral experiences. Market competition increased over time, especially after China's World Trade …