China Is at an Economic Crossroad to Avoid the Middle Income Trap

China Is at an Economic Crossroad to Avoid the Middle Income Trap

by Nouriel Roubini

10 April 2024

In this paper we discuss:

• The outcome of the latest China’s Development Forum;
• Whether China will be available to avoid the “Middle-Income Trap”?
• Why the old Chinese growth model is clearly broken;
• That a new economic paradigm with is aimed at further increasing China’s share of global manufacturing; and
• Why the relations between the US and China remain tense and in a strategic competition.

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