Question
China identified a number of ways to get out of the middle income trap. Which of the following were not one of them? Question 15
China identified a number of ways to get out of the middle income trap. Which of the following were not one of them? Question 15 options: An infrastructure plan that includes highways, ports, airports, railway between China and its major trading partners. A modification to the reserve currency system used today where the Chinese yuan (renminbi) will become the de facto currency for international trade. A plan to modernize its manufacturing processes to compete with the advanced economies such as higher quality products, automated/robotic machinery, and higher technology. A systemized plan that promotes consumer buying, particularly with luxury items
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