Think of China as a continent, not as one national economy

We've heard a lot in recent months about how China is in danger of falling into the middle income trap.

But there's a problem with these warnings. They treat China as if it were a single country. But in economic terms, China looks more like an entire continent.

In case you missed it, the middle income trap is shorthand for the collapse in growth rates that afflicts some emerging economies once they reach a certain level of development.

via Business feed http://www.scmp.com/business/article/1090755/think-china-continent-not-one-national-economy