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George Magnus
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“Conscious that this sceptical view will not find favour everywhere, we can, however, all agree that if China succeeds in avoiding the middle-income trap, it would be the first authoritarian country or dictatorship to do so.”
― Red Flags: Why Xi's China Is in Jeopardy
― Red Flags: Why Xi's China Is in Jeopardy
“Put simply, complex upper-middle-income countries such as China have, by definition, exhausted much if not most of the potential to get growth by deploying and exploiting physical capital and labour.”
― Red Flags: Why Xi's China Is in Jeopardy
― Red Flags: Why Xi's China Is in Jeopardy
“To be a leader, you have to have willing followers, and the reality is that few countries of significance would classify themselves as such. China has economic might, and growing military significance. One thing it lacks, though, is soft power.”
― Red Flags: Why Xi's China Is in Jeopardy
― Red Flags: Why Xi's China Is in Jeopardy
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