Major Turnaround (Interpreting Urbanization and China's Economic Development Model)

Author: Zhou Muzhi
Publisher:
Publish Date: 2005-05-01
Features: China's sustained high-speed economic growth has not only improved people's living standards and enhanced its comprehensive national strength but also increased its influence in global politics and economics. However, behind this high-speed economic growth lie many structural contradictions caused by systems and development models. For example: the boom in attracting investment is weakening China's self-generating mechanism for economic development; the low labor distribution rate in the economic growth model has prevented a large number of workers from fully sharing the benefits of economic growth; the household registration system has caused the efforts of migrant workers to be consumed in the back-and-forth travel between rural and urban areas; the widening development gap between regions and the lack of a revenue redistribution system have led to increasing divisions and conflicts between social groups and regions. China has reached a critical moment to re-examine its economic development model. The authors, senior officials responsible for formulating economic policies and policy research scholars from China and Japan, not only summarize the characteristics and problems of the current Chinese development model in this book but also propose systematic policy recommendations for how to construct China's future development model.