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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.
The OECD/Korea Policy Centre fosters the exchange of technical information and policy experiences relating to the Asia Pacific region in areas such as health statistics, pension reforms and social policy and expenditure.
Sound and transparent corporate governance policies will play a crucial role in reform initiatives and capital market development in China, as well as attracting the international investors required to sustain China’s long term economic growth. In order to support the these reforms, the OECD shares its experiences in the area of corporate governance with China through regular policy dialogue exchanges.
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.
Production processes have become global and markets more integrated as trade costs have fallen on the back of technological progress and trade and investment policy reforms. We can no longer base policy decisions on conventional trade statistics that report the gross value of products and services each time they cross borders. Instead, we need to measure how much and where value is added, said OECD Secretary-General in Beijing.
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.
In recent years, rapid industrialisation, intensified agricultural production and urbanisation in the People's Republic of China has brought greater prosperity and higher living standards to many, but it has also created high demand for energy and raw materials, increased pressure on ecosystems and affected health outcomes.
China is committed to achieving a green economy.
The discussion in the meeting provided some insights into China’s growth model and need to improve competitiveness, particularly in view of the global economic slowdown.
English, PDF, 278kb
Total health spending accounted for 5.1% of GDP in China in 2010, well below the OECD average of 9.5%.