Cheah Cheng Hye: Malaysians should find this campaign of special interest because China, like Malaysia, is trying to break out of the “middle income trap”, a phenomenon faced by much of the developing world. Although Malaysia and China are different in many respects, they do share a common feature: an almost identical level of average incomes.
CHINA has launched a new campaign, called “Common Prosperity”, to improve the living standards of its people and make its society fairer.
Malaysians should find this campaign of special interest because China, like Malaysia, is trying to break out of the “middle income trap”, a phenomenon faced by much of the developing world.
Although Malaysia and China are different in many respects, they do share a common feature: an almost identical level of average incomes.
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