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oapen-20.500.12657-337962021-11-09T09:03:41Z China: The Next Twenty Years of Reform and Development Garnaut, Ross Golley, Jane Song, Ligang economy reform development china Foreign direct investment Gross domestic product Labour economics bic Book Industry Communication::K Economics, finance, business & management::KC Economics China has made some remarkable achievements during the first three decades of economic reform and opening up, rising to become one of the world’s most dynamic and globally-integrated market economies. Yet there remains much unfinished business on the reform and development agenda, coupled with newly emerging challenges. China: The Next Twenty Years of Reform and Development highlights how the deepening of reforms in critical areas such as domestic factor markets, the exchange rate regime and the health system, combined with the strengthening of channels for effective policy implementation, will enable China to cope with the challenges that lie ahead. These include responding to the pending exhaustion of the unlimited supply of labour; playing a constructive role in reducing global trade imbalances; enhancing firms’ ability to innovate; coping with migration, urbanisation and rising inequalities on scales unknown in world history; and dealing with rising energy and metal demand in an era in which low-carbon growth has become a necessity rather than a choice. 2013-11-06 00:00:00 2020-04-01T14:56:30Z 2020-04-01T14:56:30Z 2010 book 458874 OCN: 646284678 http://library.oapen.org/handle/20.500.12657/33796 eng application/pdf n/a 458874.pdf http://epress.anu.edu.au/titles/china-update-series/china_20_citation ANU Press 10.26530/OAPEN_458874 10.26530/OAPEN_458874 ddc8cc3f-dd57-40ef-b8d5-06f839686b71 399 Canberra open access
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China has made some remarkable achievements during the first three decades of economic reform and opening up, rising to become one of the world’s most dynamic and globally-integrated market economies. Yet there remains much unfinished business on the reform and development agenda, coupled with newly emerging challenges. China: The Next Twenty Years of Reform and Development highlights how the deepening of reforms in critical areas such as domestic factor markets, the exchange rate regime and the health system, combined with the strengthening of channels for effective policy implementation, will enable China to cope with the challenges that lie ahead. These include responding to the pending exhaustion of the unlimited supply of labour; playing a constructive role in reducing global trade imbalances; enhancing firms’ ability to innovate; coping with migration, urbanisation and rising inequalities on scales unknown in world history; and dealing with rising energy and metal demand in an era in which low-carbon growth has become a necessity rather than a choice.
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