Organization for Economic Cooperation and Development Oecd

Governance in China: China in the Global Economy Organization for Economic Cooperation and Development Oecd

China's economy has shown impressive dynamism following its increased reliance on market-based policies. But for this growth to be sustainable, government structures will require significant reforms. Social and regional disparities are increasing in China and the pressures for a more responsive and open government will be more intense as the still precarious state of public finances makes it difficult to resort to large-scale welfare. On intellectual property rights, China's legal system is bound to be questioned by both foreign and domestic enterprises who want better protection. These are only two examples of the governance challenges China is facing today. Governance in China also examines issues such as the organization and delivery of public services, the management of state assets, regulatory management, e-government, taxation and public expenditure, fighting corruption, and producing reliable information. Selected policy areas where insufficient governance reforms have an impact on the policies themselves are also discussed. These cover the financial sector, agriculture, environmental protection, labor market and social protection, education, and competition. China in the Global Economy Series