Recent research from the International Monetary Fund highlights just how important this growth driver has become in recent years—and how critical keeping up the momentum is for the nation’s prospects.
Technological innovation is key to all economies, but the fate of China’s high-productivity IT sector has taken on outsize importance . One reason is the government’s failure in recent years—partly for ideological reasons—to make many key reforms which could boost the productivity of the rest of the economy and keep growth chugging along.
Created with Highcharts 6.0.4Worker’s Paradise?Chinese gross domestic product and laborproductivity, change from a year earlierChinese gross domestic product […]
Full Post at www.wsj.com