Avoiding the Trap

         

摘要

In late February, the National Bureau of Statistics (NBS) published its annual statisti- cal bulletin, showing that China’s gross domestic product (GDP) registered an increase of 7.8 percent in 2012, reaching 51.93 trillion yuan ($8.33 trillion). With the Chinese population expanding to 1.3 billion, NBS figures show that the country’s per-capita GDP reached $6,100 last year,

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