The 14th five-year economic Plan presents a unique opportunity to transition toward high-quality development by addressing the social and environmental challenges that have emerged after decades of rapid growth.
International experience has shown that fiscal policy can play a leading role in promoting a shift toward a more inclusive economic model, balanced income distribution, and improved living standards.
The People’s Republic of China's transition from a middle-income to a high-income country hinges on implementing reforms in domestic consumption, service sector development, addressing income inequality, and modernizing financial and fiscal systems.
The population in the People’s Republic of China is aging quickly, but at a relatively low level of per capita income.
It is up to policy makers to unlock the enormous potential of services in the People’s Republic of China.