In what country was the phrase 'middle-technology trap' making headlines recently?
China
2023 December
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A prominent Chinese think tank issued a warning about a possible "middle-technology trap," in which China's manufacturing sector struggles to keep up with core innovations held by developed countries, and becomes stymied at low and mid-end technologies. This underscores concerns that China's transition to a high-income economy may encounter difficulties due to economic stagnation, given that technological limitations still exist even though industrial transfers have so far benefited from low-cost advantages.