New Economic Growth Engine For China, A: Escaping The Middle-income Trap By Not Doing More Of The Same

This volume is a report by leading international economic experts on China's economic priorities in the coming years.

From various aspects of the domestic and foreign situation, China has now reached a critical juncture in its economic development.

Unless China is able to overcome the difficulties in undertaking further reforms in the next ten years, China would be caught in the middle-income trap and be unable to become a modern country.

The future course of China's economic development is also of great concern to the rest of the world because the socio-political-economic conditions in China will have significant impact on global economic prosperity and on global political harmony.The book is a product of close collaboration between the School of Economics at Fudan University and the Earth Institute at Columbia University.

They cover a new paradigm for growth, short-term demand management, institutional reforms for middle-term growth, and strengthening the fundamentals for long-term growth.