# Quote — Keyu Jin, The New China Playbook

> [Some] Latin American countries... and Asian economies... experienced rapid growth, but... [never] graduated into... high-income countries. ...[I]t could have been due to corruption, political instability, poor , or inadequate investment in ...This ...is ..."the middle-income trap." Since 1960, only 13 out of 101 middle-income economies... escape[d] it. ...China ...may follow... Japan['s]... lost decade of no growth in the 1990s. If, however, China can keep growing at 5 percent on average, and... the US continues... at... 1.5 percent... the Chinese... will overtake the US... by... 2030. China would not be as rich... for several more decades, but... more than a billion Chinese would enjoy the same living standards... However, ...China will need a new model of growth. ...5 percent ...seems overly optimistic ...275 percent ...debt to GDP ...as of 2022 points to ...painful ... ...And threats of make an export-oriented economy ...fragile.

- Author: [Keyu Jin](https://www.leafyquotes.com/keyu-jin.md)
- Book: [The New China Playbook](https://www.leafyquotes.com/keyu-jin/the-new-china-playbook.md)
- Source: [Wikiquote](https://en.wikiquote.org/wiki/Keyu_Jin#The_New_China_Playbook_(2023)) ([CC BY-SA 4.0](https://creativecommons.org/licenses/by-sa/4.0/))
- Quote page: https://www.leafyquotes.com/keyu-jin/the-new-china-playbook/some-latin-american

## More from this book

> ... indicates... 95 percent of Chinese... had... confidence in... government, compared to 33 percent in the US and 45 percent... in the rest of the world. As of 2022... 91 percent, compared to 39 percent in the US. ...[S]atisfaction levels tend to be lower for s.

[Quote page](https://www.leafyquotes.com/keyu-jin/the-new-china-playbook/indicates-95-percent.md)

> China’s investment in ... 40 percent... of GDP... for a country... halfway through... urbanization... may not be high....

[Quote page](https://www.leafyquotes.com/keyu-jin/the-new-china-playbook/chinas-investment-in-40-percent.md)

> [T]he Chinese... try to balance obligation and deference with free will.

[Quote page](https://www.leafyquotes.com/keyu-jin/the-new-china-playbook/t-he-chinese-try.md)