Li Shantong, Wu Sanmang and He Jianwu: Prospects for China's Economic Development in the Next Decade

Abstract: This article discusses prospects for China's economic development over the next decade based on the computable general equilibrium (CGE) model of the Chinese economy. The article argues that the long-term trend of China's economy will remain positive and the major driving forces of the fast-growing Chinese economy still exist. However, particular focus must be placed on the changes in the domestic and international environment in the next decade. Further reforms should be promoted in the field of economic elements, public expenditure, energy, and the environment in order to improve the sustainability and balance of economic development.

Keywords: China's economy, Review, Prospects

Source: China Finance and Economic Review, Volume 2, No.1, 2013

About the Authors:

Li Shantong is a Senior Research Fellow and former Director General of the Department of Development Strategy and Regional Economy of Development Research Center (DRC) of the State Council (People’s Republic of China). She was a member of the National Committee of CPPCC. She is also vice president of the Academic Committee of the China Development Research Foundation. She has ever played a key role in several national key projects for China’s economic development and joint development projects with the World Bank, UNDP, UNIDO, OECD and the ADB. She became vice director of the Bureau of Development and Forecasting of DRC in 1990 and Director of that Bureau in 1995. She was a council member of the International Input-Output Association from 2001 to 2003.

Wu Sanmang, Associate Professor,School of Humanities and Economic Management, China University of Geosciences.

He Jianwu, Associate Research Fellow, Development Research Center of the State Council.