OECD's first Economic Survey of China documents the encouraging extent to which structural reforms in China have triggered a durable process of economic development, and points out where additional reform is needed.

OECD's first Economic Survey of China documents the encouraging extent to which structural reforms in China have triggered a durable process of economic development. At the same time, the report points out where additional reform is needed. The major themes of the report include improving the framework for the private sector, labour market reforms, ageing, and reform of the public sector and the financial system.

This collection of critical surveys provides readers with a range of up-to-date work from leading scholars in the area, writing on some of the key issues facing China, as they survey the present and future challenges of the Chinese economy Nine papers provide detailed discussion on key aspects of the past, present and future of the Chinese economy Leaders in their relevant fields of scholarship tackle some of the critical issues facing China Contributors identify common themes, including the household registration system, urbanization, demographic transition, inequality and the sustainability of economic growth Articles provide a critical review of the literature and discuss policy implications and areas for future research

The rapid pace of economic growth in China has been unprecedented since the start of economic reforms in late 1970s. It has delivered higher incomes and made the largest single contribution to global poverty reduction. Measured by international poverty lines, from 1978-2004, the absolute poor population in rural areas has dropped from 250 million to 26.1 million. Such gains are impressive and have been driven largely by a set of market-oriented institutional reforms, strong investment, and effective adoption and application of various knowledge and technologies, especially foreign ones through trade and foreign direct investment. While enjoying tremendous success, China also faces many challenges that need to be addressed to sustain its long-term development. These include weak institutions, low overall educational attainment, weak indigenous innovation capacity, poor links between research and development and industries, and so on. This paper provides an analysis of some strengths, weaknesses, opportunities, and challenges to China's knowledge economy in the areas of economic incentives and institutional regime, human capital, innovation system, and information infrastructure.

The Economic Survey of China assesses the country’s recent macroeconomic performance and proposes policy measures to promote higher-quality growth. Policy recommendations relate to how to integrate product and labour markets and enhance inclusiveness.