Description

Although the successful economic transformation and reform of China since the 1970s could be regarded as a triumph in human history, China has now entered into the New Normal Era and encountered some slow-down in recent years. The perspective of China's growth under the New Normal Era is relevant for both the domestic and global economies.As the third instalment of ACI's annual tracking of the dynamics of competitiveness for Greater China, this volume includes the rankings and simulation results at both the provincial and regional levels. These offer insights for policy-makers, industry leaders and other stakeholders in identifying challenges and opportunities for sound decision-making. As an important part in determining the success of China's structural change, agricultural productivity is also discussed in detail. Quantitative research is conducted to estimate the agricultural total factor productivity at the provincial level. This provides policy recommendations to help China achieve self-sufficiency in terms of agricultural products.