China's March to Prosperity : Reforms to Avoid the Middle-income Trap

Vincent Koeni ; Richard Herdi ; Sam Hilli iOECD

Organisation for Economic Co-operation and Development

关键词: living standards;    credit;    financial sector;    economic growth;    China;    development;    competition;    shadow banking;    renminbi;    research and development;    investment;    foreign exchange;    international migration;    catching-up;    education;    innovation;    business climate;   

DOI  :  https://doi.org/10.1787/5k3wd3c4219w-en

学科分类：社会科学、人文和艺术（综合）

来源: OECD iLibrary

【 摘 要 】

China is well-placed to avoid the so-called “middle-income trap” and to continue to converge towards the more advanced economies, even though growth is likely to slow from near double-digit rates in the first decade of this millennium to around 7% at the 2020 horizon. However, in order to sustain vigorous growth and improve the well-being of most citizens, renewed reform momentum is required in a number of areas. The following ones are discussed in this paper: financial sector liberalisation; strengthening competition in markets for goods and services; education, research and innovation. Progress is also needed in other areas, notably in fostering more socially-inclusive forms of urbanisation and more environmentally-friendly growth.