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China (People’s Republic of)
Urbanisation in China has long been held back by various restrictions on land and internal migration but has taken off since the 1990s, as these impediments started to be gradually relaxed. People have moved in large numbers to richer cities, where productivity is higher and has increased further thanks to agglomeration effects.
This review of regulatory reform in China covers the overall economic context, the government’s capacity to manage regulatory reform, competition policy and enforcement, and market openness.
Chinese, , 2,272kb
English, , 1,741kb
This paper depicts the rapid development and transformation of the Chinese economy so far and discusses how to sustain vigorous and inclusive growth.
This review assesses Guangdong’s current approach to economic development. It is the country’s most populous and rich province with 95.4 million inhabitants and provides one-eighth of the national GDP with "processing trade" as a key development feature.
As a result of reforms and financial sector development, the People’s Bank of China (PBoC) now exerts significant control over money market interest rates.
This review highlights China’s advance to a market economy as among the greatest economic success stories of modern times. In simple terms, China has achieved in three decades what has taken most OECD countries a century or more.
English, , 364kb
China has made crucial progress in the field of public expenditure management in the past ten years. This article reviews the reforms in budget formulation, approval, implementation and audit. Some weaknesses remain: for example, important decisions are still made outside of the budget process; and the highly decentralised fiscal system means that achievements at the national level have not been implemented at provincial and lower
This page presents documentation on regulatory reform that is available both in English and in Chinese.