The Chinese model of development: A special East-Asian path of development for avoiding the middle-income trap?

Over the past couple of years, China has made formidable efforts to shift new sources economic growth, modernise structure its economy, accumulate human capital, and boost local innovation in order graduate a high-income economy. However, pace growth slowed down few entailing risk country being stuck so-called middle-income trap (MIT). This paper reviews China's chance avoiding MIT by analysing four groups factors – three quantitative one qualitative using Japanese South Korean development as reference points. The concludes that is likely be able avoid expected move into (HI) band within 7–8 years thanks achievements structural reforms have already begun. also raises question whether will ‘post-trap’ situation trapped Japan Korea HI band.