Depth Analysis and Coping Strategies on the “Middle Income Trap†Facing in China

Abstract

At present, China is in a critical period of moving from a upper-middle income country to a high-income country, with its economic growth slowing, it faces the challenges from the "middle-income trap". In the view of the present situation of the "middle income trap" faced by our country, this paper uses the view of Marxist political economics to make a depth analysis and provide accurate theoretical support with developing effective coping strategies for crossing the "trap" smoothly.