Titlebook: China: Surpassing the “Middle Income Trap”; Shaojie Zhou,Angang Hu Book‘‘‘‘‘‘‘‘ 2021 The Editor(s) (if applicable) and The Author(s) 2021

人工制品

仪式

有其法作用

A. Baral,B. C. Tripathy,M. K. Ghosh reality in China. China’s GNP grew by 32.19 times from 1978 to 2016 at constant prices, that is, an annual increase of 9.6%, of which the annual GDP growth hit 9.9% and 7.8% from 1978 to 2010 (high-speed growth) and from 2011 to 2016 (moderately high-speed growth) respectively on average.

Contracture

,What Is the “Middle Income Trap”?,r elaborated on the concept, specifying that when a country escapes the poverty trap in the low-income development stage and enters into the middle-income development phase, the country may face growth stagnation and inability to further move up the ladder into the high-income range.

慎重

庄严

occurrence

Hojong Kim,Shafiq Alam,Xiaofei Guan remain mired in the “poverty trap”. In the middle-income stage, many countries fall into the “middle income trap”. Even if countries succeed in overcoming the “middle income trap”, their economic growth may still be plagued by the “high income trap”, with Japan being one such example.

斜谷

拱形面包

2635-1226 s economic future.This open access book explores one of the most fiercely debated issues in China: if and how China will surpass the middle income trap that has plagued many developing countries for years. This book gives readers a clear picture of China today and acts as a reference for other devel

FID