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The Rise of China Heh-Song Wang. Ⅰ.Introduction Ⅱ.Recent Economic Developments Ⅲ.Balance of Payments Ⅳ.Financial Sector Reform Ⅴ.Development Issues and Challenges VI.D evelopment Program and Economic Outlook.

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The rise of china heh song wang

The Rise of ChinaHeh-Song Wang

Ⅰ.Introduction

Ⅱ.Recent Economic Developments

Ⅲ.Balance of Payments

Ⅳ.Financial Sector Reform

Ⅴ.Development Issues and Challenges

VI.Development Program and Economic Outlook


Recent economic developments 1 growth remains robust 2 changing sources of growth 3 price stability
Ⅱ.Recent Economic Developments 1.Growth Remains Robust 2.Changing Sources of Growth 3.Price Stability

Table 1 Domestic Economy


Ⅲ.Balance of Payments 1.Growing Market for the World 2.Increasing Trade Surplus 3.Strong Capital Inflows 4.World's Largest Foreign Exchange Reserves

Table 2 External Trade



Financial sector reform 1 financial liberalization 2 banking reform 3 new exchange rate policy
Ⅳ.Financial Sector Reform 1.Financial Liberalization 2.Banking Reform 3.New Exchange Rate Policy

Table 4 Financial Statistics


Table 5 key indicators of economic and social development to 2010
Table 5 Key Indicators of economic and Social Development to 2010

Source: Asian Development Bank, Asian Development Outlook, 2006.


Ⅴ. Development to 2010Development Issues and Challenges 1.Unbalanced Growth among Regions 2.Rural- Urban Income Disparity 3.Overcapacity in Certain Industries 4.Inefficient Use of Energy 5.Environmental Pollution

Table 6 GDP and Per Capita GDP of Selected Provinces, 2004



VI. Development Program and Economic Outlook Development to 2010 1.Eleventh Five-Year Program 2.Macroeconomic Projections

Table 8 Forecast Summary



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