Specifications
| Publisher | World Bank Publications |
| ISBN 13 | 9781464813351 |
| ISBN 10 | 1464813353 |
| Book Subtitle | New Drivers Of Growth |
| Book Description | 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. |
| Language | English |
| Publication Date | 28 Feb 2020 |
| Number of Pages | 128 |
Innovative China: New Drivers Of Growth paperback english - 28 Feb 2020
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