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The Oxford Companion to the Economics of China$
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Shenggen Fan, Ravi Kanbur, Shang-Jin Wei, and Xiaobo Zhang

Print publication date: 2014

Print ISBN-13: 9780199678204

Published to Oxford Scholarship Online: December 2014

DOI: 10.1093/acprof:oso/9780199678204.001.0001

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Future strategy for growth and inclusion

Future strategy for growth and inclusion

Chapter:
(p.90) 12 Future strategy for growth and inclusion
Source:
The Oxford Companion to the Economics of China
Author(s):

Guoqiang Tian

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199678204.003.0013

This chapter presents a strategy for China’s future growth. It first considers the uncertainties and challenges faced by the development model that has sustained China’s economic growth over the past thirty years. It then calls for the transformation of China’s economic reform from the phase of liberalization to the phases of marketization and privatization, in order to shift from the mode of factor-driven economic development to the modes of efficiency-driven and innovation-driven economic development. It is also necessary to clarify the governance boundary between government, market, and society to achieve the comprehensive governance and coordinated development of economy, politics, society, and culture as well as to promote the inclusion of economic and social development.

Keywords:   Chinese economy, economic growth, economic policies, growth strategy, economic reform, liberalization, marketization, privatization

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