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INTRODUCTION AND EDITORIAL OVERVIEW — IN SEARCH OF NEW SOURCES OF GROWTH: WHAT CHINA SHOULD DO NEXT?

INTRODUCTION AND EDITORIAL OVERVIEW — IN SEARCH OF NEW SOURCES OF GROWTH: WHAT CHINA SHOULD DO NEXT? The Singapore Economic Review, Vol. 64, No. 4 (2019) 813–814 © World Scientific Publishing Company DOI: 10.1142/S0217590819020028 INTRODUCTION AND EDITORIAL OVERVIEW IN SEARCH OF NEW SOURCES OF GROWTH: WHAT CHINA SHOULD DO NEXT? Published Online 12 December 2018 Welcome to this special issue of Singapore Economic Review on “In Search of New Sources of Growth: What China Should Do Next”! In the past three decades, remarkable achievements have been made in China’sdevel- opment, with economic growth averaged at around 9% per annum. Rapid economic growth benefits ordinary Chinese, as can be observed that more and more Chinese travel overseas, for sight-seeing, shopping and even hunting for real estate assets. Coupled with these remarkable achievements are a number of challenges that are exerting an increasingly significant constraint on China’s road ahead, such as environmental pollutions, income inequality and regional disparities. For example, the widely spread smog in China’s major cities is likely to affect people’s health in a negative way. Faced with such increasingly binding constraints, Chinese economy appears to settle in a lower growth trajectory, a status of so-called “new normal” ( ). In response, policy makers are searching for new sources of growth, internally through institutional reforms such http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png The Singapore Economic Review World Scientific Publishing Company

INTRODUCTION AND EDITORIAL OVERVIEW — IN SEARCH OF NEW SOURCES OF GROWTH: WHAT CHINA SHOULD DO NEXT?

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Publisher
World Scientific Publishing Company
ISSN
0217-5908
eISSN
1793-6837
DOI
10.1142/S0217590819020028
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Abstract

The Singapore Economic Review, Vol. 64, No. 4 (2019) 813–814 © World Scientific Publishing Company DOI: 10.1142/S0217590819020028 INTRODUCTION AND EDITORIAL OVERVIEW IN SEARCH OF NEW SOURCES OF GROWTH: WHAT CHINA SHOULD DO NEXT? Published Online 12 December 2018 Welcome to this special issue of Singapore Economic Review on “In Search of New Sources of Growth: What China Should Do Next”! In the past three decades, remarkable achievements have been made in China’sdevel- opment, with economic growth averaged at around 9% per annum. Rapid economic growth benefits ordinary Chinese, as can be observed that more and more Chinese travel overseas, for sight-seeing, shopping and even hunting for real estate assets. Coupled with these remarkable achievements are a number of challenges that are exerting an increasingly significant constraint on China’s road ahead, such as environmental pollutions, income inequality and regional disparities. For example, the widely spread smog in China’s major cities is likely to affect people’s health in a negative way. Faced with such increasingly binding constraints, Chinese economy appears to settle in a lower growth trajectory, a status of so-called “new normal” ( ). In response, policy makers are searching for new sources of growth, internally through institutional reforms such

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The Singapore Economic Review – World Scientific Publishing Company

Published: Sep 1, 2019

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