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Murphree

The China Standards Engine

MurphreeChina’s accomplishments in economic modernization, urbanization, industrialization, and science and technology are legion. The question to which China watchers, as well as the Chinese state, have now turned is how will China spur and sustain its future economic development? Research and media reports have shown that the low-wage, capital-intensive, and export-oriented strategies using China as a final assembly platform are providing diminishing returns. Future growth will be both slower and more difficult. China must therefore find new engines for economic progress.

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Chen Li

China’s Push for Urbanization and Its Accompanying Challenges

Chen LiUrbanization has been the new buzzword in China ever since the opening of the 18th National Congress of the Communist Party of China (NCCPC) in November 2012. Former President Hu Jintao’s report outlined the tremendous growth in China since economic reforms started more than 30 years ago. For example, China now has the second-largest economy in the world. In 2012 its per capita GDP reached USD$6,100 (National Bureau of Statistics 2012).

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