Understanding China's Economy

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The examination of China's reform and opening up from 1978 to 2011 reveals how the nation sidestepped the middle-income trap and achieved remarkable economic growth. It delves into the stages of China's economic miracle, addressing misconceptions about its economy. Key analyses include breaking the "impossible triangle," achieving sustainable growth, and leveraging urbanization. As China confronts labor transformation and demographic shifts, the author emphasizes the need for enhancing total factor productivity to foster new growth avenues, offering crucial insights into the complexities of the current Chinese economy.