{"product_id":"innovative-china","title":"Innovative China","description":"After more than three decades of average annual growth close to 10 percent, China's economy is transitioning to a “new normal” of slower but more balanced and sustainable growth. Its old drivers of growth - a growing labour force, the migration from rural areas to cities, high levels of investments, and expanding exports - are waning or having less impact.\u003cbr\u003e\u003cbr\u003eChina's policy makers are well aware that the country needs new drivers of growth. \u003cem\u003eInnovative China \u003c\/em\u003eproposes a reform agenda that emphasizes productivity and innovation to help policy makers promote China's future growth and achieve their vision of a modern and innovative China. The reform agenda is based on the three Ds:\u003cbr\u003e\u003cul\u003e\n\u003cli\u003eRemoving Distortions to strengthen market competition and enhance the efficient allocation of resources in the economy\u003c\/li\u003e\n\u003cli\u003eAccelerating Diffusion of advanced technologies and management practices in China's economy, taking advantage of the large remaining potential for catch-up growth\u003c\/li\u003e\n\u003cli\u003eFostering Discovery and nurturing China's competitive and innovative capacity as China approaches OECD incomes in the decades ahead and extends the global innovation and technology frontier.\u003c\/li\u003e\n\u003c\/ul\u003e","brand":"World Bank Publications","offers":[{"title":"Default Title","offer_id":54799620276568,"sku":"9781464813351","price":40.99,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0278\/1295\/4195\/files\/9781464813351_d46fe03c-7b32-46a7-95ed-1944628ddc77.jpg?v=1778910313","url":"https:\/\/agendabookshop.com\/products\/innovative-china","provider":"Agenda Bookshop","version":"1.0","type":"link"}