Bottlenecks in China’s Economic Growth: Analyzing the Possibility of the Middle-Income Trap

Abstract

This article aims to explore the main bottlenecks of China's economic growth, analyze whether there is a risk of falling into the middle-income trap, and propose corresponding policy recommendations. Firstly, the theory and definitions related to the middle-income trap are reviewed. Secondly, the successes and failures of middle-income countries globally are analyzed to draw lessons. Subsequently, China’s actual development situation is assessed. Finally, policy recommendations to avoid the middle-income trap are proposed.