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.
eBook - PDF
Innovative China
New Drivers of Growth
- 187 pages
- English
- PDF
- Available on iOS & Android
eBook - PDF
Innovative China
New Drivers of Growth
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Information
Subtopic
Development EconomicsIndex
EconomicsTable of contents
- Cover
- Half Title
- Title
- Copyright
- Contents
- Foreword
- Acknowledgments
- Executive Summary
- Abbreviations
- Introduction
- 1 China’s Rapid Growth and Evolving Economy
- 2 The Need for New Drivers of Growth
- 3 The Productivity Challenge
- 4 Reshaping Industrial Policies and Supporting Market Competition
- 5 Promoting Innovation and the Digital Economy
- 6 Building Human Capital
- 7 Allocating Resources Efficiently
- 8 Leveraging Regional Development and Integration
- 9 Promoting International Competitiveness and Economic Globalization
- 10 Governing the Next Transformation
- Boxes
- Figures
- Tables
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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 1.5 million books available in our catalogue for you to explore.