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Sharing the benefits of China’s growth by providing opportunities to all

Ben Westmore ()

No 1409, OECD Economics Department Working Papers from OECD Publishing

Abstract: Living standards in China have greatly improved over the past few decades. Both sustained economic growth and an expansion of the social security system have contributed to a sharp reduction in the number of people in poverty. However, urban-rural inequalities remain large and some of the poorest households are being left behind. Further reforms are needed to ensure that the benefits of future growth are shared and that marginalised groups have the opportunity to actively participate in the economy. In particular, policy settings should be adjusted to increase access to good quality education and healthcare for rural and migrant workers and to improve the portability of social security benefits. Changes to the social assistance system that raise work incentives and protect low-income households in poorer locations are also a priority. New spending measures can be funded by adjustments to the tax system which will, in themselves, benefit inclusiveness. This Working Paper relates to the 2017 OECD Economic Survey of China (www.oecd.org/eco/surveys/economic-survey-china.htm).

Keywords: education; health; inclusive growth; pension system; social assistance policies (search for similar items in EconPapers)
JEL-codes: H55 I14 I24 I30 I38 O53 (search for similar items in EconPapers)
Date: 2017-09-11
New Economics Papers: this item is included in nep-age, nep-cna and nep-tra
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