A file picture of former finance minister Lou Jiwei speaking at a G20 press conference in Washington last year. Photo: AFP

Has China really avoided the middle income trap?

Former Chinese finance minister Lou Jiwei says he no longer fears that China will face economic stagnation as it attempts to become a rich nation

Topic |   China economy

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A file picture of former finance minister Lou Jiwei speaking at a G20 press conference in Washington last year. Photo: AFP
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Jane Cai

Jane Cai

Jane Cai, CFA, is the Beijing Bureau Chief of the South China Morning Post. She has been covering China's economic, financial, business and political news since the early 2000s.

Frank Tang

Frank Tang

Frank Tang joined the SCMP in 2016 after a decade of China economy coverage and government policy analysis.