China in the 2010s: Rebalancing growth and strengthening social safety nets

The world’s second-largest economy is helping drive the global recovery. But to sustain high growth and social cohesion, China needs to continue rebalancing its economy by boosting public spending on human capital and social services, and further reforming pensions and health care.

Related Documents

• Economic Survey of China 2010

Also Available

The OECD, the World Economy and China

In a speech given in Beijing, Angel Gurría recommended that China boost public spending on social infrastructure, including education, health, pensions and social assistance, in order to reduce inequalities, and suggested a more flexible exchange rate regime to avoid looming inflationary pressures.

Related Documents

• Official visit of the Secretary-General to the People's Republic of China (Beijing, 20-23 March 2010)

Germany - OECD Economic Survey to be published Friday 26 March 2010

The OECD’s latest Economic Survey Germany, to be published on Friday 26 March, looks at the impact of the economic crisis on jobs and public finances. It discuss reforming the banking system as well as measures to broaden strong export performance to other sectors of the economy.

The transformation of China’s growth pattern in the new global context

China’s economy has outperformed all expectations, both over the long haul and, more recently, during the global Great Recession. But structural reforms are still needed in a number of areas such as increased social spending to improve living standards over the longer run, according to the OECD Secretary-General.

Related Documents

• Official visit of the Secretary-General to the People's Republic of China (Beijing, 20-23 March 2010)
• China in the 2010s: Rebalancing growth and strengthening social safety nets
• Strong Chinese growth resumes but increased social spending needed, says OECD report

Global Economic Outlook

Speaking at the China development forum, Mr Gurría said that the world is now emerging from the deepest recession since the 1930s but he added that OECD countries need to face the challenge of ensuring that a strong, jobs-rich recovery takes hold and that potential growth can be restored and maintained over the longer term.

Greece - Moving ahead to address the challenges

In his remarks to the Central Bank of Greece, Mr. Gurría offered the OECD support, expertise, and policy experience to help Greece modernise its economy and put it on a path of sustained growth.

Related Documents

• Official visit of the Secretary-General to Greece (Athens 14-15 March 2010)

Germany should focus on innovation, education and competition to ensure a balanced recovery

Innovation, education and more competition in the domestic market would help Germany emerge from the economic crisis with a stronger and more balanced economy.

Obstacles to social mobility weaken equal opportunities and economic growth, says OECD study

It is easier to climb the social ladder and earn more than one’s parents in the Nordic countries, Australia and Canada than in France, Italy, Britain and the United States, according to a new OECD study.

List of Economic Surveys of Chile

List of Economic Surveys of Chile

Strong Chinese growth resumes but increased social spending needed, says OECD report

With the help of massive government stimulus action, China is now leading the world economy out of recession, according to a new OECD report.