inflation transformation interactive game

The next five years will be crucial for China to overcome the middle-income trap. In 2019, China was on the verge of leaping over the middle-income trap – China’s GDP reached 99.1 trillion yuan and its gross national income (GNI) per capita exceeded USD 10,000 for the first time, reaching USD 10,410. Situation and challenges facing China in overcoming the middle-income trapįrom 1979 to 2019, China’s economy grew at an average annual rate of 9.4%, with total economic volume climbing. Originally published in Simplified Chinese in Journal of Finance and Economics.ġ. The full terms of this licence may be seen at.

Anyone may reproduce, distribute, translate and create derivative works of this article (for both commercial and non-commercial purposes), subject to full attribution to the original publication and authors. This article is published under the Creative Commons Attribution (CC BY 4.0) licence. However, once these two attributes interact with each other, especially when data is combined with capital, the most adhesive factor in the market economy, a series of new social relations will then be produced based on the technical attribute, resulting in significant adjustments in social relations, involving both positive and negative externalities.Ĭopyright © 2022, Journal of Finance and Economics License From the demand side, the digital economy can boost the new drivers of the “troika” of economic growth consisting of consumption, exports and investment by changing the market investment direction, promoting consumption upgrade and fostering export strengths. From the supply side, the digital economy can improve the quality and efficiency of the supply side and promote the supply-side structural reform and economic growth from the following three aspects: First, promote the quality, efficiency and diversification of the supply system second, promote networking, opening-up and synergy in the innovation system and third, promote the socialization, modularization and flexibility of production pattern.

Inflation transformation interactive game