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Focus on "quality of growth" Urged——China's economy has been quite strong, with a high growth tate.

China's Foreign Trade 2004年第1期 18-20页

作者： Liu Weiling

Despite concerns that the Chinese economy is showing some early signs of overheating, a senior official with the World Bank in Beijing said he was confident that the government is well capable of containing the threat while maintaining growth at seven to 8% this *** ahead, Yukon Huang, the bank’s country director and chief of mission in China, said the challenge is to ensure sustainable growth, perhaps at lower rates, that would generate

关键词： high China’s economy has been quite strong quality of growth Urged Focus on Bank

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Multiple Forces Driving China's Economic Development:A New Analytic Framework

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China & World Economy 2007年第3期15卷 103-120页

作者： Yahua Wang Angang Hu Assistant Professor at the Public Policy and Management School Tsinghua University Professor and Director of the Center for China Studies Tsingha University

Based on economic growth theory and the World Bank＇s analytical framework relating to the quality of growth, the present paper constructs a framework that encompasses physical, international, human, natural and knowledge capital to synthetically interpret economic development. After defining the five types of capital and total capital, we analyze the dynamic changes of these types of capital in China and in other countries. The results show that since China＇ s reform and opening up, knowledge, international, human and physical capital have grown rapidly, with speeds of growth higher than that of economic growth. As the five types of capital have all increased at varying paces, the savings level of total capital in China has quadrupled in 25 years and overtook that of the USA in the 1990s. The changes in the five types of capital and total capital reveal that there are progressively multiple driving forces behind China＇ s rapid economic development. Implications for China＇s long-term economic development are thereby raised.

关键词： China's economic development five types of capital quality of growth total capital

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