The Chinese Economy is evolving rapidly. Despite a slowdown in growth in recent years China is continuing to climb up the value-added ladder in many industries and in some areas of high tech Chinese companies are on par with or even ahead of US and European competitors. These changes are accompanied by important institutional changes throughout the economy and in the political sphere. Yet, there are important questions about China's ability to escape the co-called Middle Income Trap where many countries have failed in making the transition from middle-income to high-income status. Where is China in this regard?
The LSE Institute of Global Affairs is delighted to welcome one of China's foremost economists: Professor Chong-En Bai, Chairman of the Economics Department at Tsinghua University and incoming Dean of the School of Economics and Management, China's top economics department and business school. He has played an important role in economic policymaking in China over the last two decades. Dr Yu Tinghua is a Fellow in the LSE Department of Government and teaches at the LSE School of Public Policy.
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