Can China Create Another Economic Miracle?

Fang Cai ()
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Fang Cai: Chinese Academy of Social Sciences

Chapter Chapter 13 in Understanding China's Economy, 2021, pp 209-231 from Springer

Abstract: Abstract China has moved from a low income stage to a middle income stage in a relatively short period of time. The task of vaulting from a middle income stage to a high income stage is even more onerous than escaping the poverty trap. This chapter will talk about china need to realize the second economic miracle by stimulating microeconomic vitality, avoiding environment deterioration, improving labour productivity, accelerating industrial restructuring etc.

Keywords: China economic miracle; Policy tool box; Increase labour productivity and the potential growth rate; Industrial restructuring and upgrading; Reverse Kuznets effect (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-33-6322-9_13

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DOI: 10.1007/978-981-33-6322-9_13

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