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Printed in the Philippines.

ISBN 978-92-9092-882-9 (Print), 978-92-9092-883-6 (PDF)

Publication Stock No. RPT125023

Cataloging-In-Publication Data

Zhuang, Juzhong, Paul Vandenberg, and Yiping Huang

Growing beyond the low-cost advantage: how the People’s Republic of China can avoid the middle-income trap. Mandaluyong City, Philippines: Asian Development Bank, 2011.

1. People’s Republic of China 2. Middle-income trap 3. Structural reform 4. Inclusive growth

I. Asian Development Bank.

The views expressed in this book are those of the authors and do not necessarily reflect the views and policies of the Asian Development Bank (ADB) or the governments they represent.

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