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The Three Reforms China Must Enact: Land, Social Services, and Taxes

Harvard Business Review

The plan is expected to outline policies intended to ensure that China continues to see average annual GDP growth of 7% through this decade, the growth rate required to meet Premier Li Keqiang’s stated goal of doubling GDP by 2020. What Needs to Change.

GDP 8
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China’s Growth: A Brief History

Harvard Business Review

Some find evidence of a clear improvement of total factor productivity since market-oriented reforms began in 1979, estimating that the increase in TFP contributed about 40% to GDP growth, roughly the same as that contributed by fixed asset investment. There was also a slowdown in TFP after the mid 1990s. percentage points.

GDP 8