Tag Archives | gross national income
Economics

People’s Republic of China: The challenge of the middle-income transition

People’s Republic of China: The challenge of the middle-income transition
The Chinese economy grew by 7.4% in 2014 and is expected to expand by 7.0% this year. These are impressive growth rates for any country but lower than what has been achieved in the past. For 3 solid decades, since the beginning of market reforms in the late 1970s, the economy expanded by an annual average of almost 10%. Read more.