World Bank - China 2020: Development Challenges in the New Century
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China 2020: Development Challenges in the New Century
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China 2020: Development Challenges in the New Century
Clear Water, Blue Skies: China's Environment in the New Century
At China's Table: Food Security Options
Financing Health Care: Issues and Options for China
Sharing Rising Incomes: Disparities in China
Old Age Security: Pension Reform in China
China Engaged: Integration with the Global Economy
THE WORLD BANK WASHINGTON D. C.
Page iii
China 2020
Development Challenges in the New Century
THE WORLD BANK WASHINGTON D. C.
Page iv
Copyright 1997
The International Bank for Reconstruction and Development/THE WORLD BANK 1818 H Street, N.W. Washington, D.C. 20433, U.S.A.
All rights reserved Manufactured in the United States of America First printing September 1997
The World Bank does not guarantee the accuracy of the data included in this publication and accepts no responsibility whatsoever for any consequence of their use. The boundaries, colors, denominations, and other information shown on any map in this volume do not imply on the part of the World Bank Group any judgment on the legal status of any territory or the endorsement or acceptance of such boundaries.
The material in this publication is copyrighted. Requests for permission to reproduce portions of it should be sent to the Office of the Publisher at the address shown in the copyright notice above. The World Bank encourages dissemination of its work and will normally give permission promptly and, when the reproduction is for noncommercial purposes, without asking a fee. Permission to copy portions for classroom use is granted through the Copyright Clearance Center, Inc., Suite 910, 222 Rosewood Drive, Danvers, Massachusetts 01923, U.S.A.
Cover photograph by Dennis Cox/China Stock.
Cover insets (from left to right) by Vince Streano/Aristock, Inc.; Claus Meyer/Black Star; Serge Attal/Gamma Liaison; Dennis Cox/China Stock; Joe Carini/Pacific Stock; Erica Lansner/Black Star.
ISBN: 0-8213-4042-5
Page v
Contents
Acknowledgments
vii
Chapter 1 Understanding the Present
1
Swift Growth
2
High Savings
4
Structural Change
6
Pragmatic and Incremental Reforms
8
Initial Conditions
12
Chapter 2 Divining the Future
17
Growth Challenges
18
Growth Possibilities
19
Chapter 3 Laying the Foundations
23
Restoring and Reshaping Government Finances
24
Making Room for Markets
28
Making Markets Work
36
Chapter 4 Shaping a Competitive but Caring Society
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