ASIAdocument.write(“” + m[today.getMonth()+1]+ ” “+ today.getDate()+”, ” + theYear + ” “);HOMECHINAWORLDBUSINESSLIFESTYLECULTURETRAVELSPORTSOPINIONREGIONALFORUMNEWSPAPERChina Daily PDFChina Daily E-paperChina Daily Global PDFChina Daily Global E-paperOpinion / Op-Ed ContributorsEditorialsOp-EdColumnistsContributorsCartoonsSpecialsFrom the PressForum TrendsFrom the ReadersDebateEditors Pick:Syrian refugeescyberspaceV-Day paradeshrimp scandalTPPCoordinated actions for reformBy Klaus Rohland(China Daily) Updated:2013-11-08 08:18Comments Print Mail Large Medium SmallThe upcoming Third Plenary Session of the 18th Communist Party of China Central Committee will discuss and decide the outlines for Chinas economic and social development strategy for the next decade.China can look back on an unrivalled success story since the launch of reform and opening-up. By any standard, Chinas economic performance has been impressive. GDP growth averaged 10 percent a year in the past decade, and over 500 million people were lifted out of poverty.But after more than three decades of rapid growth, Chinas development has reached another turning point. Because of demographic developments, surplus labor and low wages will soon be a thing of the past, and China is now closer to the technological frontier, so adopting technology from abroad will give less of a boost to growth in the future. China has also rapidly accumulated capital in recent years, and returns from additional capital will likely be lower. At the same time, Chinas share in foreign markets, notably advanced economies, is now large, and those markets are growing less in the aftermath of the global financial crisis. Environmental concerns, most visibly exemplified by the air pollution, also urgently demand a shift to a greener growth strategy. These are undoubtedly key factors behind Chinas leadership emphasizing the quality of growth as the central tenet of its strategy.However, the central policy challenge facing the government is the countrys relentless and rapid urbanization. Chinas urbanization rate will increase from about 50 percent today to more than 70 percent within the next 20 years. By 2030, a billion people will be living in Chinas cities. This process is in line with the countrys economic development and the past experiences of rapidly growing economies elsewhere. But it needs to be guided by policies that are geared towards efficiency, social inclusion and sustainability.Previous Page1 2 Next PagePrevious Page1 2 Next Page8.03KRelated StoriesAll-round reform on the agendaHopes high on income reformChina expected to deepen reforms to spur growthChinese leadership expected to deepen reforms to spur growthMost Viewed Todays Top NewsRising to the security challengesRussia faces tough road to successJoint efforts to meet challengesIs Vietnam safe?Abes dangerous moveForum TrendsForum trends: Cultural taboos in ChinaForum trends: Some “bad” habits Ive picked up in ChinaForum trends: Chinas number superstitionsHow to make friends with foreignersForum trends: You know you are in China when…(Part II)Chinas leftover women-intelligent and charmingForum trends: Why did you choose to live in China?ColumnistsHow good a govt India has gotNew type of urbanization is in the detailsFeatured ContributorsAsias increasing dependence on ChinaEat less, treat moreStar BloggersGetting old in ChinaWhen you look into the mirror today, imagine what you would say ten years from now about todays you. Its technically a downward comparison with the future youJob-seeking tips for the gradutesSometimes a small point could be more valuable, let’s check my job hunting experience and suggestions could be useful for you.Future of Western style educationA western style education system and the media surrounding it teaches people – not just what to think, but what NOT to think – not just what to question, but what NOT to question.SpecialChina Q1 GDP numbers in focusOur prayers are with youTop 10 policy changes since last two sessions…| About China Daily | Advertise on Site | Contact Us | Job Offer |Copyright 1995 -. All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.License for publishing multimedia online 0108263             Registration Number: 130349      

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