China: Competing in the Global Economy
Author： Ms. Wanda Tseng Mr. Markus Rodlauer
Publisher： INTERNATIONAL MONETARY FUND
Publication year： 2003
E-ISBN: 9781455272792
P-ISBN(Paperback): 9781589061781
Subject： F12 Chinas economy
Keyword： Development,Trade,World Trade Organization
Language： ENG
Disclaimer: Any content in publications that violate the sovereignty, the constitution or regulations of the PRC is not accepted or approved by CNPIEC.
Description
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.