How China Can Avoid the “Middle Income Trap”

Ma Xiaohe
Academy of Macroeconomic Research, China’s National Development and Reform Commission (NDRC), Beijing

 
Abstract: In 2010, China entered what the World Development Bank Report of 2010 labeled as the upper-middle-income threshold with a GDP per capita of $4,396.1 China’s current momentum will likely carry it through sustained growth in the foreseeable future, but it remains unsure whether China will escape the middle-income trap and grow into a high-income country. The answer lies in China’s ability to restructure its industrial and social structure.
Key word: middle-income trap, economic restructuring

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