Comparative Analysis on Transition Trap and Middle Income Trap in Current ＇ Economic Development

China now is in the vital stage of the economic transition,which is facing the severe challenge of spanning the middle- income trap.Only the clear recognization of current domestic and overseas situations,the vigorous implementation of self- dependent innovation,and the energetic exploitation of international market will contribute to the fundamental industrial restructuring and the early achievement of marching into high- income countries.