The Possibility and Approaches to an Upper Middle Growth Rate
Jiwei Lou
Front. Econ. China ›› 2016, Vol. 11 ›› Issue (2) : 196 -209.
The Possibility and Approaches to an Upper Middle Growth Rate
This article discusses the challenges facing China’s economy and assesses the likelihood of China falling into the “middle-income trap.” In the view of this author, an upper middle growth rate of 6.5% to 7% can be achieved if China undertakes further economic reforms in the areas of agriculture, household registration system, urbanization and social insurance system.
middle-income trap / wage / economic growth / China
Higher Education Press
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