Wednesday, February 22, 2012
China 2030: World Bank Imprimatur for Reforms
The Wall Street Journal today previewed a report from the World Bank and a Chinese consulting company, entitled, "China 2030," in which it looks in the rearview mirror and says that Chinese growth is slowing. It also brings up the issue of the dominant state owned enterprises and the inefficient use of capital. Here's a chart from the Wall Street Journal:
It sounds like the nature, timing and presentation of this report all fit the goal of presenting useful and politically acceptable analysis for the next generation of leaders and policy makers. In that sense, without having had a chance to read the report itself, it's a helpful step forward.
Economics and GDP are not everything, though; political economy and social issues will have to be part of a real discussion about the future of China's development.