OECD economic surveys : China 2013.

Format:

Book

Contributor:

Organisation for Economic Co-operation and Development.

Series:

OECD economic surveys.

OECD economic surveys

Language:

English

Subjects (All):

Economic policy.

China--Economic conditions.

China.

Physical Description:

1 online resource (161 p.)

Place of Publication:

Paris : OECD Publishing, 2013.

Summary:

OECD's 2013 Economic Survey of China examines recent economic developments, policies and prospects. Special chapters cover inclusive urbanisation and reforms for a healthier environment.

Contents:

Table of contents; Basic statistics of China; Executive summary; Main findings; Macroeconomic developments and prospects; Selected reform areas; Key policy recommendations; Macrostructural policies; Financial sector reform; Competition and innovation; Inclusive urbanisation; Intergovernmental fiscal relations; Greening growth; Assessment and recommendations; China continues to advance; Table 1. Macroeconomic developments and prospects; Figure 1. China sails through the crisis; Policy stimulus gave rise to imbalances; Figure 2. Inflation; Table 2. General government revenue and expenditure

Box 1. Off-budget borrowingFigure 3. Off-budget borrowing by entity and the stock of off-budget debt; Figure 4. Infrastructure and other investment; Figure 5. Social spending by the national government has grown sharply; The export sector has been under strain but rebalancing has made headway; Box 2. Inequality is high but declining; Figure 6. Most indicators of inequality have declined somewhat in recent years; Figure 7. China's market share is no longer expanding as rapidly; Figure 8. Exports of manufactured and service value added relative to GDP; Table 3. Sectoral financial balances

The economy slowed down but a recovery is under wayFigure 9. Migrants' wages have increased briskly in recent years; Figure 10. China's growing importance to other economies; Box 3. Main macrostructural policy recommendations; China's high growth can be sustained over the medium term; China's achievements have been underpinned by vigorous growth outside agriculture; Figure 11. High-growth spells compared; Table 4. Growth accounting; The economy will gradually slow but high growth can be maintained for some time; Figure 12. Growth pathways in selected East Asian economies

Continued migration of labour from agriculture will support productivity growthFigure 13. In agriculture, employment has declined and productivity has risen; Further capital accumulation, as well as more education and innovation, will also support growth; Figure 14. Fall in agricultural employment in East Asian countries and regions; Figure 15. Investment is high but the capital stock per employee is still low in China; Figure 16. Human capital is catching up; Figure 17. Spending on research and development; Further financial sector reforms are underway

Figure 18. Composition of financing flowsFigure 19. Evidence of de facto capital account convertibility; Figure 20. Official foreign exchange reserves; Box 4. Main recommendations on financial sector reform; Strengthening innovation and competition is essential for sustaining growth; Liberalisation has enhanced competition; Figure 21. A comparison of the state and private industrial sector; Expanding research and development; Box 5. Main recommendations to strengthen competition and innovation; Further reforms for inclusive urbanisation; Figure 22. Urbanisation and level of income worldwide

Figure 23. The largest 500 Chinese metropolitan areas by GDP per capita: international comparison

Notes:

Description based upon print version of record.

Includes bibliographical references.

ISBN:

9789264182608

9264182608

OCLC:

843203511