eBook - PDF

Innovative China

Name: Innovative China
ISBN: 9781464813351

New Drivers of Growth

World Bank Group,

The People's Republic of China Development Research Center of the State Council,

English
PDF
Available on iOS & Android

eBook - PDF

Innovative China

New Drivers of Growth

World Bank Group,

The People's Republic of China Development Research Center of the State Council,

About this book

After more than three decades of average annual growth close to 10 percent, China's economy is transitioning to a 'new normal' of slower but more balanced and sustainable growth. Its old drivers of growth -- a growing labor force, the migration from rural areas to cities, high levels of investments, and expanding exports -- are waning or having less impact. China's policymakers are well aware that the country needs new drivers of growth. This report proposes a reform agenda that emphasizes productivity and innovation to help policymakers promote China's future growth and achieve their vision of a modern and innovative China. The reform agenda is based on the three D's: removing Distortions to strengthen market competition and enhance the efficient allocation of resources in the economy; accelerating Diffusion of advanced technologies and management practices in China's economy, taking advantage of the large remaining potential for catch-up growth; and fostering Discovery and nurturing China's competitive and innovative capacity as China approaches OECD incomes in the decades ahead and extends the global innovation and technology frontier.

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Yes, you can access Innovative China by World Bank Group, The People's Republic of China Development Research Center of the State Council in PDF and/or ePUB format, as well as other popular books in Economics & Development Economics. We have over one million books available in our catalogue for you to explore.