Abstract
Since the reform and opening up, great achievements have been realized in economic growth, with the annual average economic growth rate increasing to 9.70% from 1978 to 2014. In the first ten years of the new century, in addition to the advancement of industrialization and urbanization, economic growth achieved further acceleration, with the annual average economic growth rate during 2000–2010 reaching 10.47%
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- 1.
See Analysis of Modernization from the Perspective of New Changes of International Comparisons of National Income by Liu and Zhou (2015).
- 2.
See The Industrial Structural Upgrading in the Industrialization Process of China and Economic Growth under the New Normal, Liu and Zhou (2015).
- 3.
The three-year average exchange rate used by the World Bank for international comparison.
- 4.
The GDP data of various countries are the world bank data, see http://data.worldbank.org/indicator/NY.GDP.MKTP.CD.
- 5.
- 6.
Huang Qunhui et al. also agree with the idea, see China's Economy Has Entered the Later Stage of Industrialization and Is Facing Three Challenges as Excess Capacity, Transformation and Upgrading and the Third Industrial Revolution, China News Agency, Beijing, December 28, 2014.
- 7.
Krugman (1994).
- 8.
See Liu and Li (2001).
- 9.
See Change of Industrial Structure and Technological Advance in China's Economic Growth, by Liu and Zhang (2008).
- 10.
See “Mass Innovation: Injecting Power to Upgrade China's Economic Development” initiated by Premier Li Keqiang, China News Network, September 15, 2014.
- 11.
See Supply Management and Current Macro-control Policy of China, transferred from Economic Research Journal, by Liu Wei, Su Jian in February 2007.
References
Liu Wei and Cai Zhizhou, transferred from Economic Review, Issue 1, 2015, China Social Sciences Digest, Issue 5, 2015.
Liu Wei and Cai Zhizhou, transferred from Journal of Peking University., Philosophy and Social Sciences Edition, Issue 3, 2015.
Liu Wei and Li Shaorong, Ownership Change and Economic Growth and Improvement of Factor Efficiency transferred from Economic Research Journal, January 2001.
Liu Wei and Zhang Hui, transferred from Economic Research Journal, the eleventh issuance in 2008.
Paul Krugman, The Myth of Asia’s Miracle, Foreign Affairs, Vol. 73, No. 6 (Nov–Dec., 1994), pp. 62–78.
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Zhizhou, C. (2019). The Belt and Road Initiative and Mid- and Long-Term Economic Development in China. In: Liu, W., Zhang, H. (eds) Regional Mutual Benefit and Win-win Under the Double Circulation of Global Value. Global Economic Synergy of Belt and Road Initiative. Springer, Singapore. https://doi.org/10.1007/978-981-13-7656-6_7
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