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The Possibility and Approaches to an Upper Middle Growth Rate |
Jiwei Lou |
Ministry of Finance of the People’s Republic of China, Beijing 100820, China |
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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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Keywords
middle-income trap
wage
economic growth
China
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Issue Date: 08 June 2016
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