Chinese Economic Development in the Next 20 Years

Liang-Xin Li ()
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Liang-Xin Li: Business school, Hunan International Economics University, Hunan, Changsha 410205, China.

International Journal of Business and Social Research, 2016, vol. 6, issue 9, 1-7

Abstract: In this paper, Chinese economic development is discussed in detail. The 5 major strategies are investigated thoroughly: 1) Speed-maintaining strategies. In this strategies, China must hold a suitable high speed economic growth rate in order to fully use Chinese manpower and world economic opportunities; 2)Healthy economy strategy. By designing and making all effective policies, China must strive to keep Chinese economy in a healthy and controllable status. 3) Competiveness strategy. For this strategy to be effective, China have to push up the RD mechanism to pave the way for technology innovation and encourage companies to use and invent new skills and products to develop a higher level living conditions for Chinese people. 4) People’s quality enhancement. To make Chinese economy a high speed and competitive for a long run, it is vital to enhance Chinese people’s scientific knowledge and skills, especially the modern information technology skills, in this way, Chinese population will be a huge pool for the innovation not the obstacles. 5) Balanced development strategy. All economic related factors must be balanced for a sustainable growth. In the context, the detail procedures and methods are outlined and discussed.

Keywords: Chinese economy; competitiveness; economic growth; reform; strategies. (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (1)

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