China Center QuickNote: World Bank “China 2030” report – the calls mount for economic reform
Last week the World Bank released a major report on the Chinese economy entitled “China 2030” that frames how the country’s economic growth model should adjust to assure economic sustainability. The report asserts that China is beginning to test the limits of the investment and export-led development model that has sustained unprecedented expansion for the past two decades. Whilst not a new theme, the report builds on earlier calls, and in several areas steps up by stressing the urgency of a broad realm of reforms.
In this China Center members-only QuickNote we examine some of the World Bank’s key findings, analyzing them alongside The Conference Board’s own research, and highlight areas of particular interest to China Center members.