China can avoid middle income trap through reform

0 Comment(s)Print E-mail Xinhua, March 7, 2013
Adjust font size:

China can escape the middle income trap through industrial restructuring and income distribution reform, economists said Thursday.

Li Yi'ning, a member of the 12th National Committee of the Chinese People's Political Consultative Conference (CPPCC), speaks at the press conference held by the first session of the 12th CPPCC National Committee in Beijing, capital of China, March 7, 2013.

Rising income disparity and social disorder are the major causes of the middle income trap, said Li Yining, a renowned Chinese economist, at the ongoing annual session of the Chinese People's Political Consultative Conference (CPPCC) National Committee, China's top political advisory body.

Sound income distribution reform will promote social harmony in China, Li said, adding that technological innovation and relevant reforms can help China survive the middle income trap.

Li is also a member of the CPPCC National Committee.

Upgrading China's industrial structure through innovation and improving its economic competitiveness will create more jobs in cities and prevent problems caused by excessive urbanization, said Justin Yifu Lin, a professor at Peking University and former chief economist at the World Bank.

The income gap will also be reduced, as those who move to cities will be able to obtain higher-paying jobs, said Lin, also a member of the CPPCC National Committee.

The middle income trap occurs when a country's growth plateaus and eventually stagnates after reaching middle income levels. China became a middle-income country in 2012 after its per capita GDP exceeded 5,000 U.S. dollars, according to the National Statistics Bureau.

World Bank statistics show that only 13 of 101 countries and regions that entered the middle-income stage in the 1960s escaped the middle-income trap.

Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:    
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter
主站蜘蛛池模板: 国产精品美女乱子伦高| 巴西大白屁股bbbbxxxx| 亚洲国产精品久久久天堂| 精品三级内地国产在线观看| 国产乱码卡一卡2卡三卡四| 日本免费xxx| 国产高清在线不卡| china成人快色| 成人免费观看网站| 久久久久久亚洲av无码蜜芽| 日韩精品中文字幕在线| 亚洲伊人久久网| 欧美激情一区二区三区蜜桃视频| 俄罗斯小小幼儿视频大全| 精品视频一区二区三区四区| 国产偷久久久精品专区| 国产卡一卡二卡3卡4卡无卡视频 | 女人高潮内射99精品| 三个黑人上我一个经过| 无翼乌邪恶工番口番邪恶| 久久国产精品麻豆映画| 暖暖日本免费在线视频| 亚洲国产成人久久一区二区三区| 欧美精品18videosex性欧美| 亚洲色偷偷av男人的天堂| 男女混合的群应该取什么名字 | 无码少妇一区二区浪潮AV| 久久天天躁狠狠躁夜夜不卡| 最新中文字幕在线播放| 亚洲一区在线观看视频| 欧美性色欧美a在线播放| 亚洲欧美成人综合久久久| 波多野たの结衣老人绝伦| 亚洲色偷偷色噜噜狠狠99网 | 国产精品免费视频一区| 4480新热播影院| 国产色视频一区二区三区QQ号| 99久久er这里只有精品18| 在线亚洲小视频| 97精品国产一区二区三区| 在线亚洲人成电影网站色www|