China’s uneven recovery from the pandemic and U.S.-imposed limits on the country’s access to technology could limit China’s ascent to become an economic peer to the United States. In this policy brief, Keun Lee, distinguished professor of economics at Seoul National University, analyzes recent economic data from the International Monetary Fund to reveal that while China’s rise to become a high-income country remains on course, the country remains far from rivaling the economic power of the United States.
