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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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China’s prospects for future growth

China’s prospects for future growth

(p.66) 7 China’s prospects for future growth
The Oxford Companion to the Economics of China

Robert W. Fogel

Nathaniel Grotte

Oxford University Press

This chapter considers the factors that will affect China's future growth. These include China's investments in human capital, i.e. enhancing labour quality through education; the shift of labour from agriculture to industrial work; and changes in the organization of society — an emergence of new institutions and a reduced importance of the old. By 2040, the Chinese market is expected to be larger than the combined markets of the US, the European Union, India, and Japan.

Keywords:   Chinese economy, economic growth, economic policy, labour quality, education

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