Pattern change and structural adjustment
This chapter discusses the economic development of Jiangsu province, one of the most developed provinces in China. It covers the basic economic development profile of the province; change of growth patterns and adjustment of the economic structure; and policy prospects of Jiangsu’s economic growth. Jiangsu’s GDP reached $762 billion in 2011, the second largest in China. Income exceeded $9,500 GDP per capita, reaching the economic development standards of higher middle-income countries. For future development, Jiangsu must promote an economic transition towards endogenous growth via reform and policy adjustment. The region also needs to make adjustments in industrial upgrading, structural transformation, and the rural–urban relationship.
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