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 Evaluating and Rewarding the Quality of Teachers: International Practices by Collectif
Cover of the book OECD Economic Surveys: France 2009 by Collectif
Cover of the book Preventing Violence, War and State Collapse by Collectif
Cover of the book OECD Economic Outlook, Volume 2017 Issue 2 by Collectif
Cover of the book OECD Environmental Performance Reviews: Japan 2010 by Collectif
Cover of the book Designing Local Skills Strategies by Collectif
Cover of the book Évaluation des réformes de la politique agricole aux États-Unis by Collectif
Cover of the book Consumption Tax Trends 2016 by Collectif
Cover of the book Cities and Climate Change by Collectif
Cover of the book OECD Economic Surveys: United States 2016 by Collectif
Cover of the book Considering Timescales in the Post-closure Safety of Geological Disposal of Radioactive Waste by Collectif
Cover of the book Politiques en faveur des PME : Moyen-Orient méditerranéen et Afrique du Nord 2018 by Collectif
Cover of the book Modèle de convention fiscale concernant le revenu et la fortune : Version abrégée 2008 by Collectif
Cover of the book Climate Change and Agriculture by Collectif
Cover of the book Educating Teachers for Diversity 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