China can avoid middle income trap due to productivity improvement (3)

This means the Chinese leadership will have to push forward various reforms in the coming ten years, which will be a critically important period of transition, otherwise it will be dangerous for China, Tan said.

Huang Jing, director of the Center on Asia and Globalization, said that China will have to overcome formidable challenges such as pushing for the social culture to adapt to the industrial and urban society as well as the reform of the income distribution mechanism.

Nevertheless, Huang said he remained positive given the ongoing institutionalization of power, the twilight for the establishment of the rule of law, and the leadership stability and the policy consistency.

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