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[T]he backward homeland of my childhood has become the world’s second-largest economy... massive new cities... astonishing technological wonders. Yet… - Keyu Jin
" "[T]he backward homeland of my childhood has become the world’s second-largest economy... massive new cities... astonishing technological wonders. Yet... the world is... asking the same questions... comparing China to former Communist... autocratic... repressive regimes.
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About Keyu Jin
(Chinese: 金刻羽; born 13 November 1982) is a Chinese economist. She is a Harvard-educated economist serving as associate professor of economics at the . She is one of the 's , specialising in international macroeconomics and the Chinese economy. Her research focuses on global trade imbalances, global asset prices and China's economic growth model. She is the author of The New China Playbook: Beyond Socialism and Capitalism (2023).
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Jin Keyu
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Additional quotes by Keyu Jin
[Some] Latin American countries... and Asian economies... experienced rapid growth, but... [never] graduated into... high-income countries. ...[I]t could have been due to corruption, political instability, poor , or inadequate investment in ...This ...is ..."the middle-income trap." Since 1960, only 13 out of 101 middle-income economies... escape[d] it. ...China ...may follow... Japan['s]... lost decade of no growth in the 1990s. If, however, China can keep growing at 5 percent on average, and... the US continues... at... 1.5 percent... the Chinese... will overtake the US... by... 2030. China would not be as rich... for several more decades, but... more than a billion Chinese would enjoy the same living standards... However, ...China will need a new model of growth. ...5 percent ...seems overly optimistic ...275 percent ...debt to GDP ...as of 2022 points to ...painful ... ...And threats of make an export-oriented economy ...fragile.
The New China Playbook (2023)
Collaborative competition is the way we should define the relationship. ...U.S. and Japan had similar... economic... technology competition, and... everybody was better off because Japan pushed the U.S. to do much more. Lots of these... important innovation pushes were because of Japanese competition.
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[T]here are still... 870 million people with a monthly income below RMB 2000 (...US$300) ...yet to join the four hundred million in the middle-income group ...by Chinese standards ...RMB 2000—5000—far below the advanced-economy average. ...[A]n enlarged middle-income group ...is the only way to truly bolster China’s consumption engine.
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