Can China Escape the Low-Wage Trap?

Can China Escape the Low-Wage Trap?

The China we have known for 30 years has been a phenomenal success, but one with some increasingly evident weaknesses and failures. 'Making it' in this sense would mean that the China of, say, two decades from now will look like something other than a bigger, faster, more intense and frenetic version of what it is today.

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