China's Digital Economy Paves the Way to Escape Middle-Income Trap
China is working on changing its economy to avoid getting stuck in the middle-income trap. By using digital technologies like AI and blockchain, they hope to boost economic growth. The key is to transform how businesses operate and use new technologies to improve efficiency. This shift can help create better products, encourage innovation, and increase exports. To succeed, China needs to keep up with global trends, focus on high-quality development, and integrate digital technologies into traditional industries. This approach can help China overcome challenges and reach its economic goals.