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This open access book explores one of the most fiercely debated issues in China: if and how China will surpass the middle income trap that has plagued many developing countries for years. This book gives readers a clear picture of China today and acts as a reference for other developing countries.

China is facing many setbacks and experiencing an economic slowdown in recent years due to some serious issues, and income inequality is one such issue deferring China’s development potential by creating a middle income trap. This book thoroughly investigates both the unpromising factors...

This is an open access book.

Based on the analysis of China’s basic national conditions and development trends, this book begins with a general introduction to the study of “modernization with Chinese characteristics,” and then discusses the comprehensive construction of a prosperous society in all respects, unprecedented changes, the new national system, green modernization, and technological modernization. In addition, there will be a presentation of in-depth research on topics such as leapfrog development of human capital market, the new stage of socialism, common...