IDEAS home Printed from https://ideas.repec.org/b/wbk/wbpubs/6057.html
   My bibliography  Save this book

China 2030 : Building a Modern, Harmonious, and Creative High-Income Society [pre-publication version]

Author

Listed:
  • World Bank
  • P.R.C. Development Research Center of the State Council

Abstract

China should complete its transition to a market economy--through enterprise, land, labor, and financial sector reforms--strengthen its private sector, open its markets to greater competition and innovation, and ensure equality of opportunity to help achieve its goal of a new structure for economic growth. These are some of the key findings of a joint research report by a team from the World Bank and the Development Research Center of China’s State Council, which lays out the case for a new development strategy for China to rebalance the role of government and market, private sector and society, to reach the goal of a high income country by 2030. This report recommends steps to deal with the risks facing China over the next 20 years, including the risk of a hard landing in the short term, as well as challenges posed by an ageing and shrinking workforce, rising inequality, environmental stresses, and external imbalances. The report lays out six strategic directions for China’s future: * Completing the transition to a market economy; * Accelerating the pace of open innovation; * Going “green” to transform environmental stresses into green growth as a driver for development; * Expanding opportunities and services such as health, education and access to jobs for all people; * Modernizing and strengthening its domestic fiscal system; * Seeking mutually beneficial relations with the world by connecting China’s structural reforms to the changing international economy.

Suggested Citation

  • World Bank & P.R.C. Development Research Center of the State Council, 2012. "China 2030 : Building a Modern, Harmonious, and Creative High-Income Society [pre-publication version]," World Bank Publications, The World Bank, number 6057, July.
  • Handle: RePEc:wbk:wbpubs:6057
    as

    Download full text from publisher

    File URL: https://openknowledge.worldbank.org/bitstream/handle/10986/6057/671790WP0P127500China020300complete.pdf?sequence=1
    Download Restriction: no

    References listed on IDEAS

    as
    1. Nunnenkamp, Peter & Pant, Manoj, 2003. "Why the economic case for a multilateral agreement on investment is weak," Open Access Publications from Kiel Institute for the World Economy 4323, Kiel Institute for the World Economy (IfW).
    2. Dobson, Wendy & Masson, Paul R., 2009. "Will the renminbi become a world currency?," China Economic Review, Elsevier, vol. 20(1), pages 124-135, March.
    3. Huang, Haizhou & Wang, Shuilin, 2004. "Exchange rate regimes: China's experience and choices," China Economic Review, Elsevier, vol. 15(3), pages 336-342.
    4. Wyplosz, Charles, 1999. "Financial Restraints and Liberalization in Postwar Europe," CEPR Discussion Papers 2253, C.E.P.R. Discussion Papers.
    5. Dong He & Robert N. McCauley, 2010. "Offshore Markets for the Domestic Currency: Monetary and Financial Stability Issues," Working Papers 1002, Hong Kong Monetary Authority.
    6. Coxhead, Ian & Jayasuriya, Sisira, 2008. "The Rise of China and India and the Commodity Boom: Economic and Environmental Implications for Low-Income Countries," Staff Paper Series 528, University of Wisconsin, Agricultural and Applied Economics.
    7. Hoekman, Bernard & Saggi, Kamal, 2000. "Assessing the Case for Extending WTO Disciplines on Investment-Related Policies," Journal of Economic Integration, Center for Economic Integration, Sejong University, vol. 15, pages 629-653.
    8. Norton, Seth W, 1992. "Transaction Costs, Telecommunications, and the Microeconomics of Macroeconomic Growth," Economic Development and Cultural Change, University of Chicago Press, vol. 41(1), pages 175-196, October.
    9. Fink, Carsten & Mattoo, Aaditya & Rathindran, Randeep, 2003. "An assessment of telecommunications reform in developing countries," Information Economics and Policy, Elsevier, vol. 15(4), pages 443-466, December.
    10. Friedrich Wu & Rongfang Pan & Di Wang, 2010. "Renminbi's Potential to Become a Global Currency," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 18(1), pages 63-81.
    11. Morris Goldstein & Nicholas Lardy, 2006. "China's Exchange Rate Policy Dilemma," American Economic Review, American Economic Association, vol. 96(2), pages 422-426, May.
    12. Ivar Kolstad & Arne Wiig, 2009. "What determines Chinese outward FDI?," CMI Working Papers 3, CMI (Chr. Michelsen Institute), Bergen, Norway.
    13. Clarke, George R. G. & Cull, Robert & D'Amato, Laura & Molinari, Andrea, 1999. "The effect of foreign entry on Argentina's domestic banking sector," Policy Research Working Paper Series 2158, The World Bank.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. repec:eee:forpol:v:88:y:2018:i:c:p:24-37 is not listed on IDEAS
    2. Dalila NICET-CHENAF & Eric ROUGIER, 2014. "What is so specific with Middle-East and North-African pattern of growth and structural change? A quantitative comparative analysis," Cahiers du GREThA 2014-23, Groupe de Recherche en Economie Théorique et Appliquée.
    3. Wei, Duan & Chao, He & Yali, Wen, 2016. "Role of income diversification in reducing forest reliance: Evidence from 1838 rural households in China," Journal of Forest Economics, Elsevier, vol. 22(C), pages 68-79.
    4. Shahrokhi, Manuchehr & Cheng, Huifang & Dandapani, Krishnan & Figueiredo, Antonio & Parhizgari, Ali M. & Shachmurove, Yochanan, 2017. "The evolution and future of the BRICS: Unbundling politics from economics," Global Finance Journal, Elsevier, vol. 32(C), pages 1-15.
    5. repec:eee:energy:v:144:y:2018:i:c:p:232-242 is not listed on IDEAS
    6. Feng, Xunan & Johansson, Anders C. & Zhang, Tianyu, 2015. "Mixing business with politics: Political participation by entrepreneurs in China," Journal of Banking & Finance, Elsevier, vol. 59(C), pages 220-235.
    7. repec:kap:iecepo:v:14:y:2017:i:4:d:10.1007_s10368-016-0360-4 is not listed on IDEAS
    8. Chen, Zhongfei & Barros, Carlos Pestana & Borges, Maria Rosa, 2015. "A Bayesian stochastic frontier analysis of Chinese fossil-fuel electricity generation companies," Energy Economics, Elsevier, vol. 48(C), pages 136-144.
    9. Zhu, Xi & Whalley, John & Zhao, Xiliang, 2014. "Intergenerational transfer, human capital and long-term growth in China under the one child policy," Economic Modelling, Elsevier, vol. 40(C), pages 275-283.
    10. Devarajan, Shantayanan & Go, Delfin S. & Maliszewska, Maryla & Osorio-Rodarte, Israel & Timmer, Hans, 2015. "Stress-testing Africa's recent growth and poverty performance," Journal of Policy Modeling, Elsevier, vol. 37(4), pages 521-547.
    11. repec:taf:rjapxx:v:22:y:2017:i:1:p:136-155 is not listed on IDEAS
    12. Erik Berglof, 2015. "New structural economics meets European transition," Journal of Economic Policy Reform, Taylor & Francis Journals, vol. 18(2), pages 114-130, June.
    13. Shixiong Cao & Yuan Lv & Heran Zheng & Xin Wang, 2015. "Research of the Risk Factors of China’s Unsustainable Socioeconomic Development: Lessons for Other Nations," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 123(2), pages 337-347, September.
    14. Fleisher, Belton M. & McGuire, William H. & Smith, Adam Nicholas & Zhou, Mi, 2015. "Knowledge capital, innovation, and growth in China," Journal of Asian Economics, Elsevier, vol. 39(C), pages 31-42.
    15. Lin, Boqiang & Ouyang, Xiaoling, 2014. "Analysis of energy-related CO2 (carbon dioxide) emissions and reduction potential in the Chinese non-metallic mineral products industry," Energy, Elsevier, vol. 68(C), pages 688-697.
    16. Liu, Can & Mullan, Katrina & Liu, Hao & Zhu, Wenqing & Rong, Qingjiao, 2014. "The estimation of long term impacts of China's key priority forestry programs on rural household incomes," Journal of Forest Economics, Elsevier, vol. 20(3), pages 267-285.
    17. Huang, Yiping, 2016. "Understanding China's Belt & Road Initiative: Motivation, framework and assessment," China Economic Review, Elsevier, vol. 40(C), pages 314-321.
    18. Mischke, Peggy & Karlsson, Kenneth B., 2014. "Modelling tools to evaluate China's future energy system – A review of the Chinese perspective," Energy, Elsevier, vol. 69(C), pages 132-143.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wbk:wbpubs:6057. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Thomas Breineder). General contact details of provider: http://edirc.repec.org/data/dvewbus.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.