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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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Jiangsu

Jiangsu

Pattern change and structural adjustment

Chapter:
(p.540) 91 Jiangsu
Source:
The Oxford Companion to the Economics of China
Author(s):

Futian Qu

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199678204.003.0092

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.

Keywords:   economic development, economic policy, regional economy, economic growth

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