ADB Seminar on Sustaining China’s Growth: Challenges and Policy Issues

Event | 25 May 2012 Asian Development Bank Institute

Date: Friday, 25 May 2012 / 2012年5月25日(金)

Time: 11:00-11:50

Venue: Asian Development Bank Institute (ADBI)/アジア開発銀行研究所

Address: Kasumigaseki Building 8F, 3-2-5 Kasumigaseki, Chiyoda-ku, Tokyo (東京都千代田区霞が関3-2-5 霞ヶ関ビル8階)

Language: English (Word by word interpretation in Japanese) / 英語(日本語の逐次通訳あり)

The Chinese economy has been growing at about 10% per annum on average in the last 3 decades, and the rapid growth has led to a dramatic reduction in extreme poverty and significant improvement in the living standard for the Chinese people. The rapid economic expansion has also led to a sharp rise in the country's importance in a global economy. China is now the world's largest exporter, and the second largest economy.

China's impressive achievements, however, cannot make one to lose sight of major challenges it faces. It is just passed the threshold of the upper-middle income country status, with still large technological and productivity gaps with advanced economies. Moreover, rapid growth has brought to surface a number of structural problems and new issues. These include, among others, imbalances in the sources of growth, rising income inequality, resource constraints and environmental degradation, and, more recent, rising wages. If not effectively addressed, these problems could hinder the country's continued progress, and increase its risk of falling into the so-called middle income trap.

At this seminar, Dr Juzhong Zhuang of ADB's Economics and Research Department will present some of the key findings of an on-going ADB study on Sustaining China's Growth: Challenges and Policy Issues.

過去30年間にわたり、平均で10%近い年間成長率を遂げてきた中国。高成長に伴い、経済規模で世界第2位、輸出規模では世界一となるなど、国際経済における存在感は増し、人々の生活水準は著しく向上しました。その影で、様々な課題も浮上しています。技術や生産性における先進国との差は依然大きく、急な成長によるひずみが、偏った成長源、貧富の格差拡大、資源・環境問題として深刻化しており、手をこまぬいていれば、持続的成長の足かせとなるだけでなく、『中進国のワナ』に陥いるきっかけともなりかねません。本セミナーでは、そうした中国の成長持続可能性に焦点をあて、今後の課題とありうべき政策対応について、最近の研究成果をもとに議論していきます。