China has been one of the most significant economic growth stories in modern history, but the policies used to grow from 1980-2019 are differnet from those that China needs from 2020-2060
China is now in the same developmental band as Thailand, Malaysia, Mexico, Brazil, etc. And if China does not wish to get stuck in the middle income trap, holistic growth across all income strata is needed - not the current k-shaped economy that has developed.
And this is a fairly mainstream position in Chinese economic academia as well, but policymakers are stuck between a rock and a hard place.
That's just another strain of the doomsday economics that has been applied to China at least since 2005. Yet, the Chinese economy and its government have proven to be able to overcome all these supposed huge obstacles that would stop the Chinese growth at any moment... So I urge you to rethink your theories based on reality of what the Chinese people are capable of doing.
