Middle Income Trap and the Innovation of China’s Rural Land Financial Institutions
In 2012, China’s per capita GDP reached $6100 and in accordance with the World Bank standard, China has entered the ranks of middle-income countries. However, it is also faced with the risk of falling into the Middle Income Trap. Therefore, how to overcome the Middle Income Trap has become an important practical issue these years. This article, based on China’s national conditions, tries to solve this practical problem with “Three Rural Issues” as the starting point and rural land finance as the main approach.