The single most important challenge China is facing is that of the shift from export-led growth to an economic and growth model driven by domestic consumption and a better quality of life for its citizens, according to OECD Secretary-General Angel Gurría.
During his official visit to the People's Republic of China, Angel Gurría met with government representatives and participated in the 2011 China Development Forum.
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The OECD offers a unique forum where China can deepen its dialogue with other economies and set out its perspectives on the global challenges facing the world. Drawing on OECD member countries’ experiences, this brochure presents an update of key OECD policy advice in areas that are critical to China’s future.
The world economy continues to recover but there is still a considerable dispersion in performance across countries and regions. Dynamic economies, led by China and India, are expected to expand at over 7 percent in both 2011 and 2012. In contrast, OECD countries will expand by only 2.3 percent in 2011 and 2.8 percent in 2012.
This IEA report, finds that, contrary to widely held views, Chinese National Oil Companies operate with a high degree of independence from the Chinese government. Their investments are driven by strong commercial interests and have boosted global supplies of oil and gas.
Participants at the 2010 roundtable discussed an updated draft of the Asian White Paper on Corporate Governance that addresses emerging challenges in the Asian corporate governance landscape.
(Video) In a culture which traditionally sets high value on education, Shanghai stands out for its commitment to raising education standards for all and for the high quality results that its students achieve. In the 2009 PISA tests, Shanghai ranked firmly at the top.
The unique OECD peer review process has helped improve public policy. It assesses how countries manage the design, adoption and enforcement of regulations according to a conceptual framework. It ensures comparability while taking account of institutional and cultural differences across countries.
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Export restrictions on raw materials are applied to achieve a number of policy objectives. However, they can have a significant and negative impact on the efficient allocation of resources, international trade, and the competitiveness and development of industries in both exporting and importing countries.
By diverting exports to domestic markets, export restrictions raise prices for foreign consumers and importers. At the same time, by reducing domestic prices in the applying countries and increasing global uncertainty concerning future prices, export restrictions negatively affect investment, thus potentially reducing the overall supply of raw materials in the long term. In view of existing alternative policy tools that have a different impact on trade, the effectiveness of export restrictions to achieve stated policy objectives should be carefully reviewed.
This publication presents a selection of papers discussed at the OECD Workshop on Raw Materials, held in Paris in October 2009. This workshop was organised in response to the growing concern on the use of export restrictions on raw materials, particularly by emerging economies.