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China 2030: Building a Modern, Harmonious, and Creative Society
Abstract
Recognizes that China, one of the largest global economies as well as the world's largest manufacturer and exporter, needs to adopt a new strategy built on five key characteristics: (1) improve the quality of growth while continuing to increase incomes; (2) achieve balanced and sustainable growth; (3) strengthen innovation and creativity; (4) unleash its full human potential; and (5) value the role of the market, rule of law, social values, and high moral standards. In the new strategy, the government, state, and private sector must all work together. An open innovation system with links to global R&D will inspire competition and reap long-term rewards. Environmental protection and climate change mitigation need to be addressed early on, and not left for later clean up. Promoting equality of opportunity will demand efficient delivery of public services. The fiscal system must be able to accommodate macroeconomic shocks, demands for new public expenditures, and transparent policy adjustments. Throughout, China must continue to integrate with global markets and engage with global governance institutions.
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“A World Bank study (2013) identifies 101 countries as 'middle-income' in 1960, of which only 13 had reached 'high-income' almost 50 years later, by 2008.”
From The Developmental State: Dead or Alive? (2018) · cites this paper as World Bank, 2013
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Metadata
- Authors
- Bank, W., & Development Research Center of the State Council, T. P. R. O. C.
- Corresponding author
- World Bank
- Venue
- China 2030
- Publisher
- The World Bank
- Published
- 2013-03-22
- Pages
- 1-74
- OpenAlex
- W1274292737
- Cited by
- 305
- References
- 16
- Citations by year
- 2026: 1 · 2025: 9 · 2024: 10 · 2023: 12 · 2022: 32 · 2021: 9 · 2020: 22 · 2019: 19 · 2018: 27 · 2017: 29 · 2016: 40 · 2015: 29 · 2014: 44 · 2013: 18
- FWCI
- 385.42
- Type
- book chapter
- Language
- en
- Open access
- closed
- Locations
- World Bank, Washington, DC eBooks (publishedVersion)
- RePEc: Research Papers in Economics (submittedVersion)
- Topics
- Social Sciences › Political Science and International Relations › China's Socioeconomic Reforms and Governance
- Social Sciences › Political Science and International Relations › Asian Industrial and Economic Development
- Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Global Economic and Social Development
- Keywords
- quality of economic growth, sustainable growth, creativity and innovation, human potential, rule of law, market role, open innovation, global R&D, environmental protection, climate change mitigation, equal opportunities, public services, fiscal system, macroeconomic shocks, government spending, global integration, global governance, income growth
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