Chapter 1. China’s Economic Success and Reforms: Investing in Soft Infrastructure
Author:
Mr. Waikei R Lam
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,
Mr. Markus Rodlauer
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Mr. Alfred Schipke
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Language:
English
Print Publication Date:
14 Jan 2017
Keywords:
BOOK; government; China; pension; rate; local government; State budget; economic reform; financing vehicle; policy priority; government cabinet; Financial sector; Infrastructure

Abstract

China matters as never before. It is now the second largest economy in the world—and the largest in purchasing power parity. Even at half its historical economic growth rate, it contributes nearly one-third to global growth. In addition, its global export share amounts to about 15 percent, and more than 120 countries count China as their largest trading partner (Figures 1.1 and 1.2) (Ministry of Commerce 2014).

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Cover Modernizing China
Modernizing China
Investing in Soft Infrastructure
ISBN:
9781513539942
Publication Date:
14 Jan 2017
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781513539942.071
Pages:
388