How Can China Escape the Middle-Income Trap?

Siqi Chen

doi:10.54254/2753-7064/29/20230627

Research Article

Open access

Published on 19 April 2024

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Chen,S. (2024). How Can China Escape the Middle-Income Trap?. Communications in Humanities Research,29,139-144.

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How Can China Escape the Middle-Income Trap?

Siqi Chen *^,1,

¹ Nanjing Foreign Language School

* Author to whom correspondence should be addressed.

https://doi.org/10.54254/2753-7064/29/20230627

Abstract

As one of the most widely discussed terms in recent decades, the “middle-income trap” refers to a dilemma in which middle-income economies struggle to achieve high-income status. After becoming an upper middle-income country in 2010, China has been stuck in the middle, facing the problem of economic stagnation. This research focuses on the steps taken by the countries that have successfully escaped the middle-income trap and figures out how those actions can shed light on the policy-making in China. The conclusion drawn from the work is that the Chinese government should present a co-creation and pro-industry attitude towards private sectors for industrial upgrading and developing vocational education, enhancing the connection between schools and enterprises in providing courses and pipelining talents. This work points out the policies China can work on to escape the middle-income trap by adjusting the relationship between the government and enterprises and transforming its rich population resources into a reliable reserve of highly qualified labor forces.

Keywords

The middle-income trap, Chinese economy, industrialization, private sector, education system

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References

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Cite this article

Chen,S. (2024). How Can China Escape the Middle-Income Trap?. Communications in Humanities Research,29,139-144.

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About volume

Volume title: Proceedings of the International Conference on Global Politics and Socio-Humanities

Conference website: https://www.icgpsh.org/

ISBN：978-1-83558-365-4(Print) / 978-1-83558-366-1(Online)

Conference date: 13 October 2023

Editor：Enrique Mallen, Javier Cifuentes-Faura

Series: Communications in Humanities Research

Volume number: Vol.29

ISSN：2753-7064(Print) / 2753-7072(Online)

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