China across the 'Middle Income Trap' Dynamic Mechanism and Path Selection

摘要

Demographic dividend play advantage, improve market supply factors, optimize the industrial structure, promote independent innovation is the main driving force of China's economic growth in the current long-term, to maintain growth momentum and success across the "Middle Income Trap", Feasible path include: emphasis on economic restructuring and the development of new industries consumption upgrading investment structure. The former relies on effective docking innovative spirit and ability to integrate large-scale industrial enterprises of small and medium enterprises; the latter long-term dependence on income distribution accounted for the proportion of the national economy steadily. Given that consumption declined upgrade depends on disposable income and savings rate of improvement can be expected, Consumption transformation is a long-term trend of China's economic development, industrial policy and the restructuring of the investment is countermeasures current economic problems.