China’s Record on Market Reforms from 2002-2011
After 25 years of market reforms, China’s economic planners have begun to confront new challenges that are leading them to rethink the country’s traditional export-led growth model in favor of encouraging domestic consumption and managing the sometimes unwelcome side effects of rapid economic growth. Rather than relying on market-based mechanisms, China’s efforts to constrain overheating in key sectors such as banking, real estate and manufacturing have often relied heavily on direct administrative controls and careful coordination of industrial policies.
On November 3, the John L. Thornton China Center will host a discussion evaluating China’s record on economic development and marketization since 2002 and prospects for the future. Panelists will speak about key economic sectors that have been shaped by market forces and non-market interventions followed by a broader discussion on China’s management of macroeconomic growth.
After the program, panelists will take audience questions.