National Development and Reform Commission

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Shanghai, Nov. 26, 2015: Yu Chengdong, Chairman and CEO of Huawei Consumer Business Group, unveils a new smartphone. According to Gartner Inc., Huawei sold the third largest number of smartphones in the world (27.2 million) in Q3 of 2015, after Samsung (83.5 million) and Apple (46 million) (source: dpa)

Debunking the myth of China’s coming productivity bust

We have heard the glib predictions of doom. China is growing increasingly less competitive. Its wages are rising and innovation faltering, landing it squarely in the ‘middle income trap’ that afflicts emerging economies with rising costs as they try to move up the value chain. Though it has poured money into R&D and modern equipment, productivity has stalle...

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