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By some measures, China now has the world’s largest economy. By any measure, China has contributed more to global economic growth over the past decade than any other country. Yet recent and ongoing developments have led to considerable pessimism regarding China’s ability to transition to a high income economy. How can we explain China’s rapid growth over the past four decades? Is this recent pessimism justified, and, if so, what must China do to avoid getting stuck in a middle income trap? Focusing on these questions, this course aims to help students develop a deeper understanding of the Chinese economy.