A labourer rests at a construction site in Beijing. Photo: Reuters
Tom Holland
Opinion

Opinion

Abacus by Tom Holland

The risk of the middle-income trap just increased for China. Here’s why

Xi Jinping’s jettisoning of specific GDP goals post 2020 might soothe those who fear a growth-at-all-costs culture, but without such targets, local governments may lose their dynamism

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A labourer rests at a construction site in Beijing. Photo: Reuters
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Tom Holland

Tom Holland

Tom Holland is a former SCMP staffer who has been writing about Asian affairs for more than 25 years