Voice about middle-income trap

Source:Global Times Published: 2015-4-28 0:13:01

"China may enter the 'middle-income trap' in the next five or 10 years. The likelihood is over 50 percent."

Lou Jiwei, Chinese Minister of Finance,

saying China is in danger of being stranded in the "middle-income trap" because the Chinese population is aging too rapidly, and he also requested a full-scale reform of Chinese society, quoted by Beijing Business Today on Sunday.

Posted in: Voices

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