Research On Crossing The "Middle-Income Trap" In China Based On The Perspective Of Industrial Structure Upgrade

Since China has been developed as one of the upper middle-income countries and entered the New Normal,the GDP growth dropped to 6.9% in 2015,how to achieve a leaping development under the challenge of the "middle income trap" becomes a major task.After analyzing the basic situation of China's economic development and the evolution of industrial structure,it is concluded that there are risks such as imbalance in demand structure,irrational industrial structure,widening income distribution gap and continuous decline of comparative advantage.To explore the "middle income trap" in the international perspective,this paper draws a reference to the development of China from the perspective of industrial structure after comparing and analyzing the successful experiences and failures of the traversal countries.Based on the research perspective of industrial structure upgrading,this paper studies further in the effects which the rationalization and optimization of industrial structure have on the economic growth,under the method of linear regression model,verified by 31 provincial panel data of China from 1985 to 2014 and also,by the investigations of middle and high-income areas.Research has shown that obviously the rationalization and optimization of industrial structure function positively in economic growth,while the latter is more remarkable.There is still a lot of room for the rationalization of the industrial structure in the middle-income areas.When the upgrading of the industrial structure can not promote the sustained economic growth,the role of rationalizing the industrial structure should be paid enough attention.Therefore,the government is supposed to make reasonable industrial policies,for example,speeding up the upgrading of industrial structure,vigorously developing strategic emerging industries,focusing on then industrial structure rationalization,and implementing the regional differentiation of the industrial structure development strategy,to stride across the "middle income trap" smoothly.