China’s productivity is slipping away, the miracle days are largely over and the best way for Beijing to slow its slide into “the middle-income trap” is through meaningful structural reform, two reports argue, a process that has so far remained largely in the slow lane. China’s economy, once described as miraculous, is now struggling with rapid wage increases and a declining number of new workers, so productivity gains increasingly must come from structural reform, automation, greater company efficiency and innovation, the reports say. “China is now at this critical juncture, and maybe has been for several years,” ... (full story)