Prominent economist Wang Yiming (pictured) says China may be at risk of becoming stuck in the so-called middle-income trap if economic growth fails to reach its potential. Photo: Xinhua
Prominent economist Wang Yiming (pictured) says China may be at risk of becoming stuck in the so-called middle-income trap if economic growth fails to reach its potential. Photo: Xinhua

China GDP: avoiding ‘middle-income trap’ is key in 2023, and 5 per cent economic growth possible, Beijing adviser says

  • Prominent economist Wang Yiming’s projection is at the high end of expectations among analysts, and it comes with conditions and concerns
  • To reach Beijing’s goal of doubling per capita GDP by 2035, Wang says China’s annual economic growth rate ‘should be no less than 4.73 per cent’

Prominent economist Wang Yiming (pictured) says China may be at risk of becoming stuck in the so-called middle-income trap if economic growth fails to reach its potential. Photo: Xinhua
Prominent economist Wang Yiming (pictured) says China may be at risk of becoming stuck in the so-called middle-income trap if economic growth fails to reach its potential. Photo: Xinhua
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