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This paper examines China’s investment policy since the publication of the 2008 OECD Investment Policy Review of China and recommends that the Chinese government continue its efforts to liberalise and increase the transparency and predictability of the framework for both inward and outward FDI. OECD Working Papers on International Investment - No. 2013/1.
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China’s new leadership has signalled that it is time to step up the pace of reform, building on the remarkable economic and social achievements to date while recognising the pressing need for deep structural changes. Indeed, far-reaching reforms are necessary for continuing to raise living standards and well-being, even as China is poised to become the world’s largest economy by around 2016.
The fiscal and taxation reforms will be more than ever necessary in China to ensure that growth becomes more inclusive. So far, China has had a major success in reducing the poverty. But additional tax reforms will be needed to reduce further inequality in disposable income and across regions, as well as to help reduce the rural-urban divide.
China has made tremendous progress toward achieving inclusive growth, but major reforms are needed to ensure a fourth decade of rapidly converging living standards and a greener economy, according to the OECD’s latest Economic Survey of China.
The Secretary-General, Mr. Angel Gurría, was in Beijing to attend the China Development Forum, to present the third OECD economic survey of China and to hold bilateral meetings with key representatives of China's authorities, business and academic world.
The main features of China’s current sub-national finance arrangements date back to the 1994 tax reform. China has a multi-level government structure that shares national tax revenues through a system of tax sharing and transfers, and divides spending assignments and responsibilities.
This paper explores the productivity impact of trade, product market and financial market policies over the last decade in China – a fast growing country where, despite significant reform action, regulatory stance remains still far from OECD standards.
During his visit China, Angel Gurría attended the Global Value Chains in the 21st Century conference, organised jointly by the OECD, UNCTAD, and the WTO in partnership with China's Ministry of Commerce. The Secretary-General also met with several high level representatives of the Chinese government and business.
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Total health spending accounted for 5.1% of GDP in China in 2010, well below the OECD average of 9.5%.