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Innovative China: New Drivers Of Growth paperback english - 28 Feb 2020

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PublisherWorld Bank Publications
ISBN 139781464813351
ISBN 101464813353
Book SubtitleNew Drivers Of Growth
Book DescriptionAfter 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.
LanguageEnglish
Publication Date28 Feb 2020
Number of Pages128

Innovative China: New Drivers Of Growth paperback english - 28 Feb 2020

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