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The Possibility and Approaches to an Upper Middle Growth Rate

Author

Listed:
  • Jiwei Lou

    (Ministry of Finance of the People¡¯s Republic of China, Beijing 100820, China)

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.

Suggested Citation

  • Jiwei Lou, 2016. "The Possibility and Approaches to an Upper Middle Growth Rate," Frontiers of Economics in China-Selected Publications from Chinese Universities, Higher Education Press, vol. 11(2), pages 196-209, June.
    • Handle: RePEc:fec:journl:v:11:y:2016:i:2:p:196-209
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    File URL: http://journal.hep.com.cn/fec/EN/10.3868/s060-005-016-0013-6
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    Citations

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    Cited by:

    1. Chen, Anping & Groenewold, Nicolaas, 2019. "China's ‘New Normal’: Is the growth slowdown demand- or supply-driven?," China Economic Review, Elsevier, vol. 58(C).
    2. Anping Chen & Nicolaas Groenewold, 2019. "Regional resilience in China: The response of the provinces to the growth slowdown," Economics Discussion / Working Papers 19-06, The University of Western Australia, Department of Economics.
    3. Shengqin Wu & Degang Yang & Fuqiang Xia & Xinhuan Zhang & Jinwei Huo & Tianyi Cai & Jing Sun, 2022. "The Effect of Labor Reallocation and Economic Growth in China," Sustainability, MDPI, vol. 14(7), pages 1-22, April.
    4. Anping Chen & Nicolaas Groenewold, 2019. "Macroeconomic shocks in China: Do the distributional effects depend on the regional source?," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 62(1), pages 69-97, February.
    5. Ding Lu, 2017. "China's Growth Slowdown and Prospects for Becoming a High-Income Developed Economy," Asian Economic Papers, MIT Press, vol. 16(1), pages 89-113, Winter/Sp.
    6. Nicolaas Groenewold, 2018. "China's ‘New Normal’: How will China's Growth Slowdown Affect Australia's Growth?," Australian Economic Papers, Wiley Blackwell, vol. 57(4), pages 435-445, December.
    7. Nicolaas Groenewold, 2017. "China’s ‘New Normal’: How will China’s growth slowdown affect Australia’s growth?," Economics Discussion / Working Papers 17-19, The University of Western Australia, Department of Economics.

    More about this item

    Keywords

    economic growth; longterm; China; forecast; middle income; convergence;
    All these keywords.

    JEL classification:

    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • P24 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - National Income, Product, and Expenditure; Money; Inflation
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes

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