The Possibility and Approaches to an Upper Middle Growth Rate

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.

Keywords

middle-income trap / wage / economic growth / China

RIGHTS & PERMISSIONS

2016 Higher Education Press