Toward Sustainable Growth in the People's Republic of China: The 12th Five-Year Plan
Lommen, Yolanda Fernandez | May 2011
Abstract
Critical among the objectives of the 12th Five-Year Plan is changing the growth pattern toward a more services- and consumption-driven model, away from the past emphasis on industrial production, capital investment, and exports, which is necessary to address the social, environmental, and external imbalances of the People's Republic of China. Rebalancing is unlikely to occur in the absence of bolder policy adjustments. Some key policy areas requiring attention include shifting the emphasis of public spending from investment to public services, further finance sector liberalization, greater private sector participation in the economy, and fiscal reform to reduce income inequality and strengthen local government finances.
Citation
Lommen, Yolanda Fernandez. 2011. Toward Sustainable Growth in the People's Republic of China: The 12th Five-Year Plan. © Asian Development Bank. http://hdl.handle.net/11540/583. License: CC BY 3.0 IGO.ISSN
2218-2675
Keywords
Industry
Development Economics
Economic Models
Organization for Economic Cooperation and Development
Securities
Mines
Competition
Industrial competition
Unfair competition
Monopolies
Competition policy
Development cooperation
Economic discrimination
Industrial Development
Financial Services Industry
Industrial Sector
Competition
Comparative economics
Communication in economic development
Industrialization
Monopoly
Barriers to entry
Monopolistic competition
Restraint of trade
Price discrimination
Imperfect competition
Press monopoly
Diversification in industry
Unfair competition
Investment banking
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