1. The Concept and Essence of A Middle-Income Trap -- 2. Types of Middle-income Countries and Lessons Learned From Their Experience -- 3. Problems and Challenges China Faces in the Middle-Income Stage -- 4. Overcoming the Middle-Income Trap Requires Improving the Economic Governance capability...

This book explores the essence of the middle-income trap based on two major perspectives, namely "economic transformation" and "social transformation". China has experienced high-speed economic growth for nearly 40 years since the adoption of the Reform and Opening policies. However, Chinas...