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June 2010

China’s economic outlook remains favorable

Louis Kuijs's picture

The World Bank released its latest Quarterly Update on China’s economy on Friday (for disclosure's sake: I’m the lead author). At the press launch, there were a lot of questions about the recent wage hikes in several foreign-owned manufacturing companies and the possible concerns these have triggered among many about possible loss of competitiveness and/or a wage-inflation spiral.

Is there a middle class in Asia? Depends on how you define it

Vikram Nehru's picture

A colleague from the Asian Development Bank visited the other day to talk about a study he is doing on Asia’s middle class.  Yet this is not an area we have focused on in the World Bank’s East Asia region – perhaps at our cost.  I quickly googled the topic and discovered a rapidly growing literature, including a paper each by Martin Ravallion and Nancy Birdsall