The World Bank and the State Council Development Research Center have co-authored a report looking forward to 2030 with a loud title: China in 2030: the construction of a modern, harmonious, creative and high-income society. “High-income society” opinion can touch people. The report points out the six strategic directions for the future development of China, [...]

The Update, a regular assessment of China’s economy, finds that both fiscal and monetary policy contributed to the tightening of macroeconomic policy after the massive stimulus during the global financial crisis. Consumption growth slowed in early 2011. But overall domestic demand held up well, supported by still strong investment growth. Real estate investment has so [...]