CHINESE UPDATE – China’s Next 30 Years: From “Scale Dividend” to “Productivity and Institutional Dividend”
Highlights:
Dr. Qin argues that 2010 marked a major turning point for the Chinese economy, reflecting the end of 30 years of high speed growth. China’s aging population and decelerating urbanization and the impending global rebalancing will require China to shift gears from an export dependent model to a more internally focused economy. The theme for the next 30 years is to achieve endogenous growth through improvement of human capital, technical innovation (including resource utilization), the upgrading of the industrial structure from low value added to high value added, and increased market reforms to let the “invisible hand” do its work.
Click here to see Dr. Qin’s presentation
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