China's Development Priorities
Over the past two decades China's growth has been rapid, social indicators have improved, and poverty levels have inched downward. However, widening inequality, increasing resource and financial imbalances, and growing environmental concerns...
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| Format: | Publication |
| Language: | English en_US |
| Published: |
Washington, DC: World Bank
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2006/05/6797035/chinas-development-priorities http://hdl.handle.net/10986/7049 |
| Summary: | Over the past two decades China's
growth has been rapid, social indicators have improved, and
poverty levels have inched downward. However, widening
inequality, increasing resource and financial imbalances,
and growing environmental concerns provide China with
daunting challenges in improving the quality of growth. The
rapid growth that will remain China's principal vehicle
for raising standards of living and reducing poverty will
derive from urbanization, increased market efficiency, and
improvement in the technological capability of Chinese
firms. But although growth will be critically important,
balance among income groups and sectors is likely to be
vital for social stability. The needed measures to enhance
the quantity and quality of social services and a more
effective safety net for the poor will require a number of
institutional changes, including a reform of
intergovernmental fiscal relations. This report highlights
the significance of the challenges facing China and suggests
policies for achieving rapid, balanced, and sustainable growth. |
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