This book examines the challenges faced by the PRC in sustaining robust growth and offers policy options for making a successful transition to high income while avoiding the middle-income trap. Chapters focus on all aspects of the PRC's economy including: the growth model, the role of government, industrial upgrading, the financial sector, fiscal management, human capital, the services sector, urbanization, labor market transitions, aging and the pension system, income inequality, managing external economic relations, and water scarcity.
Policy analysts, researchers, academics, and students interested in the growth and development prospects of the PRC will find this book invaluable, as will practitioners and policymakers in government agencies and international organizations.
Contributors: L. Brandt, F. Cai, J. Huang, Y. Huang, K. Jia, Y. Jiang, X. Lei, L. Li, J. Liu, Y.F. Lommen, N. Lustig, J. Ros, L. Song, P. Vandenberg, G. Wan, M. Wang, W.T. Woo, L. R.Wray, J. Xu, Y. Yao, C. Zhang, Y. Zhao, J.Zhuang
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