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Will the middle income trap grip the middle kingdom ?

Popularity 2Viewed 1149 times 2015-3-7 21:54 |System category:Economy| kingdom, income, middle

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Is  China heading towards the trap. will it get caught in the headwinds of economic downward pressure ?
China's development  for the past 38 years have been  taged by the chinese goverment as the rebirth of the china towards its distant and long lost glory days.. but amid this turbulent time will this be the decade china loses its steam and fall inside the middle income trap or will it rise to be one of the Dominant powers of the world only time will tell.

Positives :                                                                                                    
-lots of areas for growth
-strong and flexible form of government
-strong support for the government
-potential from individual innovation
-large service sector
-geographic location
-socialist economy
-Resilient and skilled manpower



Negatives

-Large proportion of local debt
-Unsuitable division of wealth
-corruption
-people taking wealth out of china
-volatile and fragile export market
-aging population
-geographic location
-overestimation and speculation leading to over supply
Creationnow: Navigating the chinese dragon.

(Opinions of the writer in this blog don't represent those of China Daily.)


Passing

Eggs

Flowers

Shake hands

Ray
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