Between Two Economic Traps: Did China Peak in 2021?
In this policy brief, Keun Lee, distinguished professor of economics at Seoul National University, illustrates how China’s uneven recovery from the pandemic and U.S.-imposed limits on the country’s access to technology could limit China’s ascent to become an economic peer to the United States.
DownloadChina’s uneven recovery from the pandemic and U.S.-imposed limits on the country’s access to technology could limit China’s ascent to become an economic peer to the United States. In this policy brief, Keun Lee, distinguished professor of economics at Seoul National University, analyzes recent economic data from the International Monetary Fund to reveal that while China’s rise to become a high-income country remains on course, the country remains far from rivaling the economic power of the United States.
This brief is part of a special series organized jointly by the University of California Institute on Global Conflict and Cooperation (IGCC) and the Mercator Institute for China Studies (MERICS). This analysis was originally presented at the Conference on the Chinese National Innovation and Techno-Industrial Ecosystems in Berlin, September 5–6, 2023.
Thumbnail credit: Wikimedia Commons
