The People's Daily claims that it is impossible for China to fall into the middle-income trap like the Latin-American countries, China will instead become one of the high income nations.

The research team at ANBOUND Consulting is of the view that it remains a very challenging task for China to overcome the trap and the risk of falling into middle-income trap remains high.

We cannot say for sure that China has overcome the middle-income trap, not until the pre-requisite fundamentals have been achieved.

The only way to create the favorable condition and ultimately helping China to overcome the middle-income trap is to accelerate the reform of the systems, particularly the supply-side structural reform which is essential to a sustainable growth momentum.