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

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...

Full description

Bibliographic Details
Main Author: Koen, Vincent
Other Authors: Herd, Richard, Hill, Sam
Format: eBook
Language:English
Published: Paris OECD Publishing 2013
Series:OECD Economics Department Working Papers
Subjects:
Online Access:
Collection: OECD Books and Papers - Collection details see MPG.ReNa
LEADER 01828nma a2200289 u 4500
001 EB001828107
003 EBX01000000000000000994553
005 00000000000000.0
007 cr|||||||||||||||||||||
008 180616 ||| eng
100 1 |a Koen, Vincent 
245 0 0 |a China's March to Prosperity  |h Elektronische Ressource  |b Reforms to Avoid the Middle-income Trap  |c Vincent, Koen, Richard, Herd and Sam, Hill 
246 2 1 |a En marche pour la prospérité : Réformer pour poursuivre le rattrapage en Chine / Vincent, Koen, Richard, Herd et Sam, Hill 
246 3 1 |a En marche pour la prospérité 
260 |a Paris  |b OECD Publishing  |c 2013 
300 |a 36 p.  |c 21 x 29.7cm 
653 |a Economics 
653 |a China, People's Republic 
700 1 |a Herd, Richard 
700 1 |a Hill, Sam 
041 0 7 |a eng  |2 ISO 639-2 
989 |b OECD  |a OECD Books and Papers 
490 0 |a OECD Economics Department Working Papers 
024 8 |a /10.1787/5k3wd3c4219w-en 
856 4 0 |a oecd-ilibrary.org  |u https://doi.org/10.1787/5k3wd3c4219w-en  |x Verlag  |3 Volltext 
082 0 |a 330 
520 |a 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