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China's Development Priorities

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Author Info

  • Shahid Yusuf
  • Kaoru Nabeshima

Abstract

Over the past two decades China's growth has been rapid, social indicators have improved, and poverty levels have inched downward. However, widening inequality, increasing resource and financial imbalances, and growing environmental concerns provide China with daunting challenges in improving the quality of growth. The rapid growth that will remain China's principal vehicle for raising standards of living and reducing poverty will derive from urbanization, increased market efficiency, and improvement in the technological capability of Chinese firms. But although growth will be critically important, balance among income groups and sectors is likely to be vital for social stability. The needed measures to enhance the quantity and quality of social services and a more effective safety net for the poor will require a number of institutional changes, including a reform of intergovernmental fiscal relations. This report highlights the significance of the challenges facing China and suggests policies for achieving rapid, balanced, and sustainable growth.

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Bibliographic Info

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This book is provided by The World Bank in its series World Bank Publications with number 7049 and published in 2006.

ISBN: 978-0-8213-6509-0
Handle: RePEc:wbk:wbpubs:7049

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Web page: https://openknowledge.worldbank.org
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Related research

Keywords: Urban Development - Municipal Financial Management Poverty Reduction - Inequality Banks and Banking Reform Economic Theory and Research Poverty Reduction - Achieving Shared Growth Finance and Financial Sector Development Macroeconomics and Economic Growth;

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Cited by:
  1. Shalizi, Zmarak, 2006. "Addressing China's growing water shortages and associated social and environmental consequences," Policy Research Working Paper Series 3895, The World Bank.
  2. Yusuf, Shahid & Nabeshima, Kaoru & Wei Ha, 2007. "What makes cities healthy ?," Policy Research Working Paper Series 4107, The World Bank.

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