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China Moving Forward

In: China’s Economic Rise and Its Global Impact

Author

Listed:
  • Ken Moak
  • Miles W. N. Lee

Abstract

The guidelines and targets set by the Twelfth FYP and Third Plenum of the Eighteenth Communist Party of China Central Committee (CPCCC) appeared to have been influenced by a joint Sino—World Bank study entitled “China, 2030: Building a Modern, Harmonious, and Creative Society.”1 The study was initiated in 2010 by Robert Zoellick, the then president of the World Bank. He acknowledged that China had made great progress in reforming its economy, lifting more than six hundred million people out of poverty and making China the largest economy in the world by purchasing power parity (PPP) measurements. Zoeilick also indicated that in order for China to reach its economic potential and become a great power, it must expand reform. The Chinese government heeded his counsel and drew the World Bank and the Development Research Centre (DRC) of the State Council together to participate in a joint study on how China can achieve a real per capita real GDP of US$16,000 and be at peace with other nations by 2030.2 A Chinese government think tank was involved as the coauthor of the study because some in the government were suspicious of World Bank intentions because it is dominated by the United States. The study, completed in November 2012, outlined six strategies for the government. They are summarized here.3

Suggested Citation

  • Ken Moak & Miles W. N. Lee, 2015. "China Moving Forward," Palgrave Macmillan Books, in: China’s Economic Rise and Its Global Impact, chapter 0, pages 151-167, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-53558-0_8
    DOI: 10.1057/9781137535580_8
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    Cited by:

    1. Aravind Yelery, 2016. "China’s Bilateral Currency Swap Agreements," China Report, , vol. 52(2), pages 138-150, May.
    2. Deborah Brautigam & Tang Xiaoyang & Ying Xia, 2018. "What Kinds of Chinese ‘Geese’ Are Flying to Africa? Evidence from Chinese Manufacturing Firms," Journal of African Economies, Centre for the Study of African Economies, vol. 27(suppl_1), pages 29-51.
    3. Anna Onoyase, 2020. "Causes of Child Marriage and Its Effects on the Child in Jigawa State, North West Nigeria: Implications for Counselling," Journal of Education and Training Studies, Redfame publishing, vol. 8(4), pages 50-57, April.

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