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Viewpoint on a rising dragon

Justin Yifu Lin's picture

As a counterpoint to grim forecasts coming out of Europe, I am hopeful that we can anticipate an Asian century where China will grow dynamically for another 20 years. Yet there are caveats to this optimistic scenario: Success in China will require a process of continual transformation and the wherewithal to tackle what I describe as a triple imbalance at the national level. I expound on this and other points in a BBC viewpoint piece published on November 23.


Growing like China is about ongoing transition, perhaps under quite idiosyncratic conditions, however. To be sure, the middle income trap has been escaped quitenoften over the past two/three decades.