Nowadays,more than 50%of the world population live in middle-income economies.Economies in the middle-income development stage are confronted with a number of challenges,such as economic restructuring,industrial upgra...Nowadays,more than 50%of the world population live in middle-income economies.Economies in the middle-income development stage are confronted with a number of challenges,such as economic restructuring,industrial upgrade and income growth.Therefore,academia around the world have paid much attention to theoretical and empirical researches of the "middle income trap " and long-term trends of global economic growth.Based on analyses about the long-term growth path of the world economy and the characteristics of different stages of economic development,this paper defines the "middle income trap" and its characteristics and examines,through a large number of cases from different economies,the reasons why "growth slowdown " arises during the middle-income development stage.These theoretic and empirical researches have reference value and heuristic meaning for China to actively respond to the challenges of the "middle income trap ".展开更多
January to April this year, the economic operation of China’s textile industry overall in slowdown trend, the growth rate of output of major products fell significantly, exports and profits were greatly affected, the...January to April this year, the economic operation of China’s textile industry overall in slowdown trend, the growth rate of output of major products fell significantly, exports and profits were greatly affected, the textile industry is facing great operating pressure. The export side, Japan, EU, U.S. textile and garment export growth has slowed down, the market展开更多
According to customs statistics,in October of 2011,China’s textile and apparel trade reached 21.53 billion U.S.dollars,up 11.1%,in which exports $ 19.65 billion,a year on year increase of 10.4%,yet a month on month d...According to customs statistics,in October of 2011,China’s textile and apparel trade reached 21.53 billion U.S.dollars,up 11.1%,in which exports $ 19.65 billion,a year on year increase of 10.4%,yet a month on month decline展开更多
Slowdown in Profit Growth According to data collected from statistics-worthy Chinese textile enterprises surveyed by National Bureau of Statistics of China, from Jan. to Aug., 2010, the total profits reached CNY128.64...Slowdown in Profit Growth According to data collected from statistics-worthy Chinese textile enterprises surveyed by National Bureau of Statistics of China, from Jan. to Aug., 2010, the total profits reached CNY128.649 billion, up 52.42展开更多
Through review of relevant studies and analysis, this article indicates that the ＂middleincome trap ＂ is in line with the framework of the mainstream economic growth theories, and, therefore, it is a useful concept ...Through review of relevant studies and analysis, this article indicates that the ＂middleincome trap ＂ is in line with the framework of the mainstream economic growth theories, and, therefore, it is a useful concept through which we can analyze economic growth phenomena in specific economic growth phases. The empirical experiences of many countries also indicate that at specific middle-income stages, economies with high rates of growth tend to encounter economic slowdown or even stagnation. The article shows that China is facing the challenge of determining how to move smoothly beyond the middle-income stage of economic development, while taking into account the shifting population structure, changing resource endowment and growth patterns. The article, drawing on international experiences, puts forward several policy suggestions relating to improvement in total factor productivity, expansion of human capital accumulation and deepening of system and governmentfunction reforms.展开更多
文摘Nowadays,more than 50%of the world population live in middle-income economies.Economies in the middle-income development stage are confronted with a number of challenges,such as economic restructuring,industrial upgrade and income growth.Therefore,academia around the world have paid much attention to theoretical and empirical researches of the "middle income trap " and long-term trends of global economic growth.Based on analyses about the long-term growth path of the world economy and the characteristics of different stages of economic development,this paper defines the "middle income trap" and its characteristics and examines,through a large number of cases from different economies,the reasons why "growth slowdown " arises during the middle-income development stage.These theoretic and empirical researches have reference value and heuristic meaning for China to actively respond to the challenges of the "middle income trap ".
文摘January to April this year, the economic operation of China’s textile industry overall in slowdown trend, the growth rate of output of major products fell significantly, exports and profits were greatly affected, the textile industry is facing great operating pressure. The export side, Japan, EU, U.S. textile and garment export growth has slowed down, the market
文摘According to customs statistics,in October of 2011,China’s textile and apparel trade reached 21.53 billion U.S.dollars,up 11.1%,in which exports $ 19.65 billion,a year on year increase of 10.4%,yet a month on month decline
文摘Slowdown in Profit Growth According to data collected from statistics-worthy Chinese textile enterprises surveyed by National Bureau of Statistics of China, from Jan. to Aug., 2010, the total profits reached CNY128.649 billion, up 52.42
文摘Through review of relevant studies and analysis, this article indicates that the ＂middleincome trap ＂ is in line with the framework of the mainstream economic growth theories, and, therefore, it is a useful concept through which we can analyze economic growth phenomena in specific economic growth phases. The empirical experiences of many countries also indicate that at specific middle-income stages, economies with high rates of growth tend to encounter economic slowdown or even stagnation. The article shows that China is facing the challenge of determining how to move smoothly beyond the middle-income stage of economic development, while taking into account the shifting population structure, changing resource endowment and growth patterns. The article, drawing on international experiences, puts forward several policy suggestions relating to improvement in total factor productivity, expansion of human capital accumulation and deepening of system and governmentfunction reforms.
