The Impact of Expanding the Middle-Income Group on the Transformation of Industrial Structure

Industrial restructuring is a trending topic in current research. To propel the high-level improvement of the economy and achieve common prosperity, building a modern industrial network is an effective measure. Upgrading the internal structure of the industry can transform the mode of economic improvement, adapt to the new economic situation, and meet the needs of the times. Some researchers have discovered that expanding intermediate level people has a fatal impact on industrial structure, but there are still research gaps in the underlying mechanisms and impact issues. Therefore, this article explores the relationship between enlarging the intermediate level people of income. In addition, industrial structural transformation by reviewing relevant literature and collecting data. Research has found that enlarging the intermediate level people of income are able to provide talent support though the optimizing industrial distribution types in production; Further stimulating production vitality through consumption; Creating a favorable market environment in the social-economic aspect is conducive to promoting industrial structural transformation and achieving effective upgrading of industries.