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China’s medium term outlook: Will innovation save China from becoming old before it becomes rich?

What can China do to stop the deceleration of its economy. Is innovation the solution?


Video and audio recordings

China’s economy has been decelerating steadily since 2010 but at an accelerated rate since the US-China trade war and, even more so, since the pandemic. While most forces are pushing growth down, innovation stands out as a potential cushion for such structural deceleration. How much can China do to smoothen that path and what does it mean for China’s quest to avoid the middle income trap?

Presentation by Alicia Garcia-Herrero