The share of the tertiary sector in China’s value added has increased steadily, overtaking the share of the secondary sector in 2013. With increasing incomes, the share of services is expected to grow further as at higher incomes a larger share of income is spent on services.
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.
This book provides an overview of the key challenges faced by China and OECD's main policy recommendations to address them. Drawing on the OECD’s expertise in comparing country experiences and identifying best practices, the book tailors the OECD’s policy advice to the specific and timely priorities of China, focusing on how its government can make reform happen.
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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.
Following decades of strong growth, China needs to shift to new sources of growth to continue catching up with advanced economies.