The Chinese economy has performed extremely well and is now transitioning to slower but healthier growth – the “new normal”.
After three decades of extraordinary economic development, China is shifting to a slower and more sustainable growth path. Further reforms are now needed to ensure that future growth is resilient, inclusive and green, according to the OECD’s latest Economic Survey of China.
Low oil prices and monetary easing are boosting growth in the world’s major economies, but the near-term pace of expansion remains modest, withabnormally low inflation and interest rates pointing to risks of financial instability, according to the OECD’s latest Interim Economic Assessment.
On the occasion of the 20th Anniversary of the OECD’s collaboration with China, the following events will take place in Beijing.
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This country note from Going for Growth 2015 for China identifies and assesses progress made on key reforms to boost long-term growth, improve competitiveness and productivity and create jobs.
Mr. Angel Gurría, Secretary-General of the OECD, will be in Beijing, from 20 to 22 October 2014 to attend the Asia-Pacific Economic Cooperation (APEC) Finance Ministers Meetings.
Reassessing the way in which China grows and placing equity at the centre of the 13th Five Year Plan growth strategy will help to ensure China’s long term growth prospects, giving every citizen the chance to lead a prosperous and fulfilling life, said OECD Secretary-General in Beijing.
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In spite of a slow and uneven global recovery over the past five years, China has maintained strong growth and continued to tackle income inequality, which had been rising, as well as poverty. Drawing on the expertise and collective experience of OECD member and partner countries, this Report presents recent OECD analysis and policy advice in areas that are critical to China’s long-term economic performance and social development.
China has shown strong resilience during the crisis, maintaining overall high growth rates, even though the pace has been decelerating since 2011.
Source: OECD Main Economic Indicators (updated continuously) - Composite leading indicators (CLIs) are calculated for 29 OECD countries (Iceland is not included), 6 non-member economies and 9 zone aggregates. A country CLI comprises a set of component series selected from a wide range of key short-term economic indicators mainly covered in the MEI database.