OECD Economic Surveys: China 2017

Business & Finance, Economics
Cover of the book OECD Economic Surveys: China 2017 by Collectif, OECD
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Collectif ISBN: 9789264272125
Publisher: OECD Publication: March 21, 2017
Imprint: OECD Language: English
Author: Collectif
ISBN: 9789264272125
Publisher: OECD
Publication: March 21, 2017
Imprint: OECD
Language: English

China has continued to grow fast by international standards. While growth is gradually moderating as the population ages, GDP per capita remains on course to almost double between 2010 and 2020. As a result, the Chinese economy will remain the major driver of global growth for the foreseeable future. Notwithstanding the economy’s impressive performance and unprecedented poverty reduction, imbalances have built up. China’s growth has long been driven by capital accumulation, supported by high savings. However, the growth model has led to misallocation of capital and falling investment efficiency, and to excess capacity in some manufacturing industries and in the real estate sector. High enterprise investment has been financed by debt, fuelled by interest subsidies and implicit guarantees for state-owned enterprises and other public entities. Slowing growth implies lower profits for firms, and therefore greater pressure to improve efficiency. It also translates into slower growth of incomes and limits the fiscal resources available to make growth more inclusive. Income inequalities measured by the Gini index have declined but are still high. The urban-rural divide is large and the household registration system hinders labour movement to where it could be better used.
This Economic Survey of China assesses the country’s recent macroeconomic performance and proposes policy measures to promote higher-quality growth. Policy recommendations relate to how to improve corporate performance and enhance inclusiveness.

SPECIAL FEATURES: BOOSTING FIRM PERFORMANCE AND ENTREPRENEURSHIP; ENHANCING INCLUSIVENESS

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

China has continued to grow fast by international standards. While growth is gradually moderating as the population ages, GDP per capita remains on course to almost double between 2010 and 2020. As a result, the Chinese economy will remain the major driver of global growth for the foreseeable future. Notwithstanding the economy’s impressive performance and unprecedented poverty reduction, imbalances have built up. China’s growth has long been driven by capital accumulation, supported by high savings. However, the growth model has led to misallocation of capital and falling investment efficiency, and to excess capacity in some manufacturing industries and in the real estate sector. High enterprise investment has been financed by debt, fuelled by interest subsidies and implicit guarantees for state-owned enterprises and other public entities. Slowing growth implies lower profits for firms, and therefore greater pressure to improve efficiency. It also translates into slower growth of incomes and limits the fiscal resources available to make growth more inclusive. Income inequalities measured by the Gini index have declined but are still high. The urban-rural divide is large and the household registration system hinders labour movement to where it could be better used.
This Economic Survey of China assesses the country’s recent macroeconomic performance and proposes policy measures to promote higher-quality growth. Policy recommendations relate to how to improve corporate performance and enhance inclusiveness.

SPECIAL FEATURES: BOOSTING FIRM PERFORMANCE AND ENTREPRENEURSHIP; ENHANCING INCLUSIVENESS

More books from OECD

Cover of the book Off to a Good Start? Jobs for Youth by Collectif
Cover of the book Supporting Entrepreneurship and Innovation in Higher Education in Ireland by Collectif
Cover of the book OECD Economic Outlook, Volume 2009 Issue 2 by Collectif
Cover of the book Pensions at a Glance 2017 by Collectif
Cover of the book OECD Private Pensions Outlook 2008 by Collectif
Cover of the book OECD Reviews of Regulatory Reform: Australia 2010 by Collectif
Cover of the book ICTs for Development by Collectif
Cover of the book Economic Policy Reforms 2010 by Collectif
Cover of the book Politiques agricoles : suivi et évaluation 2016 by Collectif
Cover of the book Forum mondial sur la transparence et l'échange de renseignements à des fins fiscales Rapport d'examen par les pairs : Monaco 2010 by Collectif
Cover of the book Sector Specific Sources of Competitiveness in the Western Balkans by Collectif
Cover of the book Financing SMEs and Entrepreneurs 2017 by Collectif
Cover of the book OECD Economic Surveys: Slovenia 2011 by Collectif
Cover of the book Taxation of SMEs by Collectif
Cover of the book OECD Digital Economy Outlook 2017 by Collectif
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy