The Possibility and Approaches to an Upper Middle Growth Rate

Jiwei Lou

doi:10.3868/s060-005-016-0013-6

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Front. Econ. China ›› 2016, Vol. 11 ›› Issue (2) : 196-209. DOI: 10.3868/s060-005-016-0013-6

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The Possibility and Approaches to an Upper Middle Growth Rate

Jiwei Lou

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Abstract

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.

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middle-income trap / wage / economic growth / China

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Jiwei Lou. The Possibility and Approaches to an Upper Middle Growth Rate. Front. Econ. China, 2016, 11(2): 196‒209 https://doi.org/10.3868/s060-005-016-0013-6