Can nation avoid middle-income trap?

Great opportunities still exist for further economic expansion if the government pushes ahead with the right reform agenda

Editor's Note: Economists attending a recent forum organized by the Institute of World Economics and Politics of the Chinese Academy of Social Sciences in Beijing argued that if the government can successfully manage reforms, it is highly likely that China can further release its growth potential to become a high-income economy.

China's economic growth gradually dropped to 6.9 percent year-on-year in 2015 from 10.6 percent in 2010, sparking concerns that its high-rate growth may have come to an end. Pessimists even started to doubt whether China could avoid the so-called middle-income trap.