China's Qualitative Economic Transformation

This book explores the challenges China has faced during its economic restructuring, including&nbsp;trade wars, rising costs of&nbsp;labor and land, climate change, recalcitrant state-owned enterprises, an aging population and other problems. Since its historic reform and opening&nbsp;up, China has achieved and sustained remarkable economic growth driven primarily by manufacturing and the real estate&nbsp;industry. As the country continues to move up the supply chain, "Made in China," once synonymous with poor quality,&nbsp;but has come to mean advanced technologies.&nbsp;China’s future economic growth and its success in economic restructure will depend crucially on the dynamic evolution of the country’s comparative advantages. &nbsp;Contributors examine how the dynamic evolution of China’s comparative advantages can help the country overcome two closely related problems: heavy dependence on low value-added exports and the prospects of falling into the middle-income trap. The book will be of value to researchers interested in China’s economic development and policies.<br>