China's Qualitative Economic Transformation

This book explores the challenges China has faced during its economic restructuring, including trade wars, rising costs of labor and land, climate change, recalcitrant state-owned enterprises, an aging population and other problems. Since its historic reform and opening up, China has achieved and sustained remarkable economic growth driven primarily by manufacturing and the real estate industry. As the country continues to move up the supply chain, "Made in China," once synonymous with poor quality, but has come to mean advanced technologies. Chinas future economic growth and its success in economic restructure will depend crucially on the dynamic evolution of the countrys comparative advantages. Contributors examine how the dynamic evolution of Chinas comparative advantages can help the country overcome two closely related problems: heavy dependence on low value-added exports and the prospects of falling into the middle-income trap. The book willbe of value to researchers interested in Chinas economic development and policies.