Interesting look at the possibility that China’s economic growth could stall. History and many current economic indicators suggest that it could get stuck in the “middle income trap” as most developing nations do.
Very few developing economies have managed to graduate into the high-income club in the past 50 years. Japan, Israel, South Korea and Singapore are among that select group. Most middle-income countries get trapped, at least for a while.
The problem in a nutshell is that countries can get stuck at a level of development in which its populace has been generally lifted out of poverty but hasn’t been elevated to the income levels of more advanced economies. That happens because it is easier to jump from a very poor country to a middle-income nation than it is to advance from that middle-income status to the ranks of the truly developed.