China: Promoting Fair Economic Growth: China

Author: None
Publisher:
Publish Date: 2004-01-10
Features: This book highly praises China's achievements in economic growth and poverty reduction over the past 20 years of reform and opening up, while also pointing out the severe challenge China is facing with widening income inequality. The book suggests that we must readjust our growth model, shifting from a growth model where a few benefit to one where everyone benefits; from an unfair growth model to a fair growth model; and from unsustainable growth to sustainable growth. This book is a World Bank report on China's economic reform and development in 2003. With the rapid development of China's economy and the process of globalization, the domestic income gap has been widening, and poverty issues have become increasingly prominent. The World Bank's Poverty and Economic Management Division has analyzed and predicted this situation in China and discussed the necessity of promoting fair economic growth and the various policy measures that should be taken for this purpose. During the research process, the World Bank's Poverty and Economic Management Division obtained a large amount of data, information, and guidance from organizations such as the Ministry of Finance of China, the Chinese Academy of Social Sciences, the Development Research Center of the State Council, and the International Monetary Fund. This book is the outcome of this research and holds practical significance for studying China's economic issues.