By Margit Molnar and Ben Westmore, China Desk, OECD Economics Department Growth in China has been slowing gradually, but GDP per capita remains on course to almost double between 2010 and 2020. As a result, the Chinese economy will remain the major driver of global growth for the foreseeable future. Patterns across the country vary, … More Enhancing financial stability amid slowing growth in China
by Margit Molnar, Head of China Desk, OECD Economics Department On several measures, China has caught up with OECD economies in the area of innovation. On the input side, R&D spending as a percentage of GDP has reached 2% (Figure 1), on par with major European countries. This is more than in other middle-income countries … More Making the most of innovation in China
by Ben Westmore, China Desk, OECD Economics Department The goal of the Chinese government to achieve a “moderately prosperous society in all respects” by 2020 is centred around improving social welfare throughout the population. One of the essential ingredients to doing this is a further reduction in economic inequality. As underlined in the OECD 2017 … More An immediate Chinese challenge: further addressing vast income inequality
By Sean M. Dougherty, Head of the Mexico Desk, OECD Economics Department. China’s spectacular growth during the 1990s and early 2000s made it the envy of many other emerging economies. Yet more recently, relative labour costs have risen substantially, and economies such as Mexico’s, which lost export market share for some time, have made a partial … More Is Mexico a new ‘China’???