Economic Research in China

Author: Organization for Economic Cooperation and Development
Publisher:
Publish Date: 2006-08-01
Features: This report focuses on the policies and structural reforms implemented to improve macroeconomic conditions. Although OECD countries are very clearly aware of the growing importance of China's economy on a global scale, their understanding of the extent of changes in China's economic policies or the various challenges China still faces in its current reform process remains extremely limited. These policies and their successes or failures are closely related to all of us. The purpose of this report is to share the best practices of OECD countries with China, as they have encountered similar problems during their own development process. At the same time, the report also strives to fully reflect the scale, complexity, and uniqueness of China's economy, as well as the ongoing market-oriented reforms. This report will provide beneficial assistance to the Chinese government, especially to ministries and institutions such as the National Development and Reform Commission, which closely cooperated with the OECD during the preparation of the report. At the same time, it will also benefit OECD and non-OECD countries that are increasingly closely linked with China through trade and investment.
Key Points: Enhancing growth potential, modernizing the financial system, improving the competitiveness of the corporate sector, increasing industrial productivity and efficiency, assessing the size of the private sector, labor market reforms, aging and pension reforms, central-local fiscal relations.
This report focuses on the policies and structural reforms implemented to improve macroeconomic conditions. Although OECD countries are very clearly aware of the growing importance of China's economy on a global scale, their understanding of the extent of changes in China's economic policies or the various challenges China still faces in its current reform process remains extremely limited. These policies and their successes or failures are closely related to all of us. The purpose of this report is to share the best practices of OECD countries with China, as they have encountered similar problems during their own development process. At the same time, the report also strives to fully reflect the scale, complexity, and uniqueness of China's economy, as well as the ongoing market-oriented reforms. This report will provide beneficial assistance to the Chinese government, especially to ministries and institutions such as the National Development and Reform Commission, which closely cooperated with the OECD during the preparation of the report. At the same time, it will also benefit OECD and non-OECD countries that are increasingly closely linked with China through trade and investment.