China is walking into a trap

China is in a hairy situation.
Communist Party officials are upping the risks of a "middle-income trap" after enjoying decades of rapid growth. This kind of stagnation has ensnared many countries in Latin American and Southeast Asia.
We all know that China is trying to pull off an economic pivot while allowing market forces to play a “decisive role” to fix overcapacity. However, the government isn't truly committed to c