China's Long-Term Economic Reform: Perspectives and Implications

Pyeong Seob Yang () and Su Yeob Na ()
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Pyeong Seob Yang: Korea Institute for International Economic Policy
Su Yeob Na: Korea Institute for International Economic Policy

No 14-12, World Economy Brief from Korea Institute for International Economic Policy

Abstract: China has recognized sustainable economic growth and harmonious social development as long-term national development strategies and has concentrated economic policies on changing the ways of economic development, economic restructuring, improvement of people's lives. In particular, at the 3rd plenary session of the 18th-term Central Committee of the Communist Party of China (CCCPC), held last November 2013, China's new leadership expressed that they would carry out extensive economic reforms in the future. This study analyzes the content and forecasts of the directions of China's economic reform implementation in the eight categories of money market, marketization, public finance, tax system, prices, state-owned enterprises, labor, hukou system (household registration system), and international economy; presentation of implications for Korea and countermeasures that should be taken.

Keywords: Economic Reforms; Chinese Economy; Financial Reforms; Fiscal Reforms; Tax Reforms; State-owned Enterprises Reforms; International Economic Policies; China (search for similar items in EconPapers)
Pages: 5 pages
Date: 2014-04-04
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