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On the New Economic Policies Promoted by the 17th CCP Congress in China

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  • Shujie Yao
  • Stephen Morgan

Abstract

The 17th Chinese Communist Party Congress in October 2007 attracted attention within and outside China for the bold development agenda that was placed before delegates. After 30 years of economic reform that has produced a remarkable improvement in living standards and China's reintegration into the world economy, the Party unveiled a programme that would push China to become a world superpower over the next 30 years. China's ambition is to become a technologically innovative state, to make China a ‘moderately prosperous’ and ‘harmonious society’ with a ‘scientific outlook on development’, and to achieve full industrialisation and sustainable prosperity. Whether China is able to attain its objectives will critically depend on the Party's ability to implement the new economic policies and address the social and political challenges that economic growth has created. The aim of the paper is to examine the policies, motivations and constraints that China faces in achieving the objectives laid out at the Party Congress.

Suggested Citation

  • Shujie Yao & Stephen Morgan, 2008. "On the New Economic Policies Promoted by the 17th CCP Congress in China," The World Economy, Wiley Blackwell, vol. 31(9), pages 1129-1153, September.
    • Handle: RePEc:bla:worlde:v:31:y:2008:i:9:p:1129-1153
    DOI: 10.1111/j.1467-9701.2008.01123.x
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    References listed on IDEAS

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    1. Yao, Shujie & Zhang, Zongyi, 2001. "On Regional Inequality and Diverging Clubs: A Case Study of Contemporary China," Journal of Comparative Economics, Elsevier, vol. 29(3), pages 466-484, September.
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    Cited by:

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    2. Jiang, Chunxia & Yao, Shujie & Zhang, Zongyi, 2009. "The effects of governance changes on bank efficiency in China: A stochastic distance function approach," China Economic Review, Elsevier, vol. 20(4), pages 717-731, December.
    3. Shujie Yao & Dan Luo, 2009. "The Economic Psychology of Stock Market Bubbles in China," The World Economy, Wiley Blackwell, vol. 32(5), pages 667-691, May.
    4. Wang, Qunwei & Zhou, Bo & Zhang, Cheng & Zhou, Dequn, 2021. "Do energy subsidies reduce fiscal and household non-energy expenditures? A regional heterogeneity assessment on coal-to-gas program in China," Energy Policy, Elsevier, vol. 155(C).
    5. Herrerias, M.J. & Orts, Vicente, 2013. "Capital goods imports and long-run growth: Is the Chinese experience relevant to developing countries?," Journal of Policy Modeling, Elsevier, vol. 35(5), pages 781-797.
    6. Herrerias, M.J. & Orts, Vicente, 2011. "Imports and growth in China," Economic Modelling, Elsevier, vol. 28(6), pages 2811-2819.

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