There has been a lot of talks about China's economy, its rapid growth since 1978 (when China shifted from centrally planned to market based economy) and its recent slowdown. Most critics on China claim that its growth will gradually slow down. Transitioning from middle-income to high-income status can be more difficult than moving up from low to middle income (WB ). A comprehensive work on China called China 2030. Building a Modern, Harmonious, and Creative Society, was conducted by a joint research team with experts from the World Bank and China (Ministry of Finance, the Development Research Center of the State Council). A four hundred page research work covering China's path 1978 - 2030, its structural reforms, growth through technological convergence and innovation, green development, security and China's integration in Global ...