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Why I Am Still Cautiously Optimistic About China's Economy
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Why I Am Still Cautiously Optimistic About China's Economy

Liang Jianzhang
Huxiu, 2018
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8

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  • Innovative
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Continuing trade disputes, skyrocketing housing prices and low fertility rates seem to have cast a shadow over China’s economic outlook. However, author Liang Jianzhang maintains a “cautiously optimistic” forecast for the Chinese economy. He believes that a country’s wealth is ultimately determined by its level of technology and industrialization. Using per capita income as a measure of wealth, Liang argues that there is still potential for wage growth given China’s level of technological and industrial progress. getAbstract recommends this article to China watchers, economists and anyone interested in the future of China’s economy.

Take-Aways

  • Technology and industrialization are the most important indicators for determining a country’s wealth.
  • Low levels of urbanization are responsible for China’s relatively low per capita income.
  • But China’s high level of technology and industrialization means there’s potential for further wage growth.

About the Author

Liang Jianzhang (James Liang) founded travel services provider Trip. He is a professor at the Guanghua School of Management at Peking University.

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