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The new phase of economic growth: characters, problems and policy options
2014-08-29
By Zhang Liqun
Date: 2004/02/17
Abstract:
The new phase of economic growth (in China) was set off after the economy entered the current stage, where the sources of growth (including both supply and demand), the drives (heavy industry and chemical industry as leading sectors), and the mechanism (market orientation) all differ from previous growth pattern. New problems emerge in the meantime, calling for abandoning of out-of-time thinking prototype and better vision on the new phase, for choosing of proper policies accordingly.
