China: Competing in the Global Economy

Business & Finance, Economics, Public Finance, Finance & Investing, Banks & Banking, Macroeconomics
Cover of the book China: Competing in the Global Economy by Wanda Ms. Tseng, Markus Mr. Rodlauer, INTERNATIONAL MONETARY FUND
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Author: Wanda Ms. Tseng, Markus Mr. Rodlauer ISBN: 9781455251629
Publisher: INTERNATIONAL MONETARY FUND Publication: February 24, 2003
Imprint: INTERNATIONAL MONETARY FUND Language: English
Author: Wanda Ms. Tseng, Markus Mr. Rodlauer
ISBN: 9781455251629
Publisher: INTERNATIONAL MONETARY FUND
Publication: February 24, 2003
Imprint: INTERNATIONAL MONETARY FUND
Language: English
China's economic reforms over the past two decades have brought tremendous economic transformation, rapid growth, and closer integration into the global economy. Real income per capita has increased fivefold, raising millions of Chinese out of poverty. Despite these achievements, difficult reforms--involving the state-owned enterprises and the financial sector--must still be completed, and social pressures from rising unemployment and income inequalities need to be addressed. China's accession to the World Trade Organization will bring benefits but will also impose obligations on the economy, and could prove to be a watershed for the reform process. This book looks at the country's reform process, its past successes and future challenges.
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China's economic reforms over the past two decades have brought tremendous economic transformation, rapid growth, and closer integration into the global economy. Real income per capita has increased fivefold, raising millions of Chinese out of poverty. Despite these achievements, difficult reforms--involving the state-owned enterprises and the financial sector--must still be completed, and social pressures from rising unemployment and income inequalities need to be addressed. China's accession to the World Trade Organization will bring benefits but will also impose obligations on the economy, and could prove to be a watershed for the reform process. This book looks at the country's reform process, its past successes and future challenges.

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