| Description |
1 online resource (xxxii, 150 pages ): color illustrations |
| Contents |
Cover -- Half Title -- Title -- Copyright -- Contents -- Foreword -- Acknowledgments -- Executive Summary -- Abbreviations -- Introduction -- 1 China's Rapid Growth and Evolving Economy -- An economy already transforming -- A rapidly changing and more uncertain global environment -- Notes -- References -- 2 The Need for New Drivers of Growth -- Investment's diminishing contribution to growth -- Labor's diminishing contribution to growth -- Notes -- Bibliography -- 3 The Productivity Challenge -- Promoting new drivers of growth through the "3+6+7" reform agenda -- The three D's |
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Six strategic choices -- Seven critical reform areas -- The impact of reforms on future growth -- Notes -- Bibliography -- 4 Reshaping Industrial Policies and Supporting Market Competition -- Industrial policies to support market competition -- Promoting greater competition in the services sector -- Promoting entrepreneurship and improving the business climate -- Ensuring fair competition and reforming state-owned enterprises -- Notes -- Bibliography -- 5 Promoting Innovation and the Digital Economy -- China's rapidly increasing innovation capacity |
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Promoting the diffusion of innovation and technology -- Improving research and development -- Improving intellectual property policies -- Improving the management of innovation policies -- Supporting innovation driven by digital diffusion -- Promoting data trade and data flow -- ICT telecommunications infrastructure -- Notes -- Bibliography -- 6 Building Human Capital -- Technology's impact on China's labor market -- Building universal foundational skills -- Creating a world-class higher education system -- Teaching creative thinking and problem solving |
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Using technology to teach creativity and problem solving -- Strengthening technical and vocational education and training -- Promoting lifelong learning -- China's new education sector strategy -- Notes -- Bibliography -- 7 Allocating Resources Efficiently -- China's financial sector developments -- Financing small and medium enterprises and entrepreneurs -- Facilitating free flows of labor -- Notes -- Bibliography -- 8 Leveraging Regional Development and Integration -- Reducing spatial frictions in factor markets -- Nurturing and connecting economic clusters -- Notes -- Bibliography |
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9 Promoting International Competitiveness and Economic Globalization -- China's integration into the global economy and rising competitiveness -- Major challenges and opportunities -- Policy recommendations -- Notes -- Bibliography -- 10 Governing the Next Transformation -- Toward a new state-market relationship -- Strengthening regulatory governance -- Aligning the government's incentives with the needs of the new economy -- Reforming intergovernmental relations and tightening fiscal discipline -- Improving public sector transparency and accountability -- Notes -- Bibliography -- Boxes |
| Summary |
"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"-- Provided by publisher |
| Bibliography |
Includes bibliographical references |
| Notes |
Description based on print version record |
| Subject |
Economic history
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Economic policy
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| SUBJECT |
China -- Economic policy -- 2000-
http://id.loc.gov/authorities/subjects/sh00001557
|
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China -- Economic conditions -- 2000-
http://id.loc.gov/authorities/subjects/sh99010023
|
| Subject |
China
|
| Form |
Electronic book
|
| Author |
World Bank Group, compiler.
|
|
Guo wu yuan fa zhan yan jiu zhong xin (China), compiler.
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| ISBN |
9781464814204 |
|
1464814201 |
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