China＇s extraordinary performance of economic growth is not without source. It has simultaneously resulted from the profound reform and wide opening-up as a sufficient condition and from demographic dividend as a nec...China＇s extraordinary performance of economic growth is not without source. It has simultaneously resulted from the profound reform and wide opening-up as a sufficient condition and from demographic dividend as a necessary condition. The characteristic of consolidating reform, opening-up, growth, and sharing in China makes its experience an inclusive development. This paper looks back at China＇s reform process to reveal how growth potentials have been translated into actual growth through factors accumulation and resources reallocation. It then points out that as the stage of dual economy development has altered and as a result demographic dividend has disappeared, the sustainable growth of the Chinese economy is facing big challenges. This paper concludes by proposing policy suggestions for deepening reform.展开更多
文摘China＇s extraordinary performance of economic growth is not without source. It has simultaneously resulted from the profound reform and wide opening-up as a sufficient condition and from demographic dividend as a necessary condition. The characteristic of consolidating reform, opening-up, growth, and sharing in China makes its experience an inclusive development. This paper looks back at China＇s reform process to reveal how growth potentials have been translated into actual growth through factors accumulation and resources reallocation. It then points out that as the stage of dual economy development has altered and as a result demographic dividend has disappeared, the sustainable growth of the Chinese economy is facing big challenges. This paper concludes by proposing policy suggestions for deepening reform.
