Content from the Brookings-Tsinghua Public Policy Center is now archived. Since October 1, 2020, Brookings has maintained a limited partnership with Tsinghua University School of Public Policy and Management that is intended to facilitate jointly organized dialogues, meetings, and/or events.
Development in China presents a mixed picture.
On the one hand, the Chinese economy is expected to maintain robust levels of growth in the coming years with revenue continuing to expand at a rapid pace. Yet on the other hand, China’s social services like its health care system are woefully inefficient, causing incalculable tangible and intangible losses. Geng Xiao argues that Chinese policymakers need to invest more material resources and human capital to improve the efficiency of government financing of social services.