Wall Street Journal (February 22, 2012)
“China could face an economic crisis unless it implements deep reforms, including scaling back its vast state-owned enterprises and making them operate more like commercial firms.” A soon-to-be released report, titled “China 2030,” also warns that “China’s growth is in danger of decelerating rapidly and without much warning.” The report indicates that China, like Brazil and Mexico, will face a “middle-income trap,” which tends to snare developing countries that reach a threshold income level.
“China could face an economic crisis unless it implements deep reforms, including scaling back its vast state-owned enterprises and making them operate more like commercial firms.” A soon-to-be released report, titled “China 2030,” also warns that “China’s growth is in danger of decelerating rapidly and without much warning.” The report indicates that China, like Brazil and Mexico, will face a “middle-income trap,” which tends to snare developing countries that reach a threshold income level.
Tags: Brazil, China, Crisis, Mexico, Middle-income trap, Reform
