No 'middle-income trap' in China

No 'middle-income trap' in China – expert

By Xinhua News Agency

Feb 14, 2024 12:20 am

WASHINGTON, D.C.: There is no 'middle-income trap' in China, as the country demonstrates significant technological dynamism, said a renowned US economist.

'The middle-income trap, as in Latin America, arises from a lack of technological dynamism. China is very technologically dynamic,' Jeffrey Sachs, a professor and director of the Center for Sustainable Development at Columbia University, told Xinhua in a recent interview.

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