China 2030 : Building a Modern, Harmonious, and Creative Society

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Washington, DC: World Bank

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China's economic performance over the past 30 years has been remarkable. The report is based on the strong conviction that China has the potential to become a modern, harmonious, and creative high income society by 2030. The report proposes six strategic directions for China's new development strategy: 1) rethinking the role of the state and the private sector to encourage increased competition in the economy; 2) encouraging innovation and adopting an open innovation system with links to global research and development networks; 3) looking to green development as a significant new growth opportunity; 4) promoting equality of opportunity and social protection for all; 5) strengthening the fiscal system and improving fiscal sustainability; and 6) ensuring that China, as an international stakeholder, continues its integration with global markets.

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Role of the state, Competition, Innovation, Global R&D networks, Green development, Growth, Economic growth, Equality of opportunity, Social protection, Fiscal system, Fiscal sustainability, Global markets, International stakeholder, Integration, Social development, Middle-income trap, State-owned enterprises, Fiscal reform

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