Exports of services to China support 37,000 jobs in high-paying
21 Sep '07
3 min read
But China's economy has changed fundamentally over the past 30, and even 10 years, and you now face a set of new and different challenges in sustaining future economic growth.
The growth model that has transformed China from a largely homogeneous, agricultural economy into a dynamic, increasingly technologically sophisticated economy has been hugely successful to this point. But some of the policies developed for a far different China are now responsible for the buildup of large and rising imbalances.
China's most senior leaders have clearly identified these imbalances. They include imbalances in growth between rural and urban areas, between the coast and the interior, between economic and social advancement, between reliance on internal and external demand, between rich and poor households, and between economic development and environmental protection.