Publication:
Innovative China: New Drivers of Growth

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dc.contributor.authorWorld Bank Group
dc.contributor.authorDevelopment Research Center of the State Council, The People's Republic of China
dc.date.accessioned2019-09-06T19:10:45Z
dc.date.available2019-09-06T19:10:45Z
dc.date.issued2019-09-16
dc.description.abstractAfter more than three decades of average annual growth close to 10 percent, China's economy is transitioning to a 'new normal' of slower but more balanced and sustainable growth. Its old drivers of growth -- a growing labor force, the migration from rural areas to cities, high levels of investments, and expanding exports -- are waning or having less impact. China's policymakers are well aware that the country needs new drivers of growth. This report proposes a reform agenda that emphasizes productivity and innovation to help policymakers promote China's future growth and achieve their vision of a modern and innovative China. The reform agenda is based on the three D's: removing Distortions to strengthen market competition and enhance the efficient allocation of resources in the economy; accelerating Diffusion of advanced technologies and management practices in China's economy, taking advantage of the large remaining potential for catch-up growth; and fostering Discovery and nurturing China's competitive and innovative capacity as China approaches OECD incomes in the decades ahead and extends the global innovation and technology frontier.en
dc.identifierhttp://documents.worldbank.org/curated/en/833871568732137448/Innovative-China-New-Drivers-of-Growth?cid=WBW_AL_whatsnew_EN_EXT
dc.identifier.doi10.1596/978-1-4648-1335-1
dc.identifier.isbn978-1-4648-1335-1
dc.identifier.urihttps://hdl.handle.net/10986/32351
dc.languageEnglish
dc.publisherWashington, DC: World Bank
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectGROWTH DRIVERS
dc.subjectLABOR MARKET
dc.subjectMIGRATION
dc.subjectINNOVATION
dc.subjectPRODUCTIVITY
dc.subjectREFORM AGENDA
dc.subjectMARKET DISTORTIONS
dc.subjectTECHNOLOGY DIFFUSION
dc.subjectTECHNOLOGY ADOPTION
dc.subjectCOMPETITIVENESS
dc.subjectECONOMIC OUTLOOK
dc.subjectECONOMIC GROWTH
dc.subjectSUSTAINABLE DEVELOPMENT
dc.titleInnovative Chinaen
dc.title.subtitleNew Drivers of Growthen
dc.typeBooken
dc.typeLivrefr
dc.typeLibroes
dspace.entity.typePublication
okr.crossref.titleInnovative China: New Drivers of Growth
okr.date.disclosure2019-09-16
okr.doctypePublications & Research
okr.doctypePublications & Research::Publication
okr.guid833871568732137448
okr.guid720491585668929282
okr.identifier.doi10.1596/978-1-4648-1335-1
okr.identifier.doihttps://doi.org/10.1596/978-1-4648-1335-1
okr.identifier.internaldocumentum211335
okr.identifier.report141852
okr.importedtrueen
okr.language.supporteden
okr.region.administrativeEast Asia and Pacific
okr.region.countryChina
okr.topicInternational Economics and Trade::Export Competitiveness
okr.topicMacroeconomics and Economic Growth::Economic Development
okr.topicMacroeconomics and Economic Growth::Economic Growth
okr.topicPoverty Reduction::Employment and Shared Growth
okr.topicScience and Technology Development::Technology Innovation
okr.unitEACCF
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