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China’s economic prospects: OECD analysis and recommendations

The 2017 OECD Economic Survey of China assesses the country’s recent macroeconomic performance and proposes policy measures to promote higher-quality growth. Improving corporate performance by boosting innovation activities and entrepreneurship, enhancing the standards of corporate governance and reforming state-owned enterprises by exposing them more to market mechanisms would raise efficiency and boost household incomes, increase employment opportunities and raise people’s overall well-being. Moving to less energy-intensive production is also key to achieve greener and more sustainable growth. Greater redistribution through the tax-and-transfer system and better targeting of social assistance would enhance inclusiveness. At the same time, inequalities in access to education, healthcare and pensions need to be addressed.

 

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Uploaded on March 31, 2017
Taken on March 24, 2017