China (Promoting Fair Economic Growth)

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Features: The 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 of widening income inequality China is facing. The book suggests that we must adjust 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 research report on China's economic reform and development in 2003. With China's rapid economic growth 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, discussing 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, materials, 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 it holds practical significance for studying China's economic issues.