Abstract
Many factors have shaped the current pattern of growth and equity in the People's Republic of China (PRC). Among them are the foundations laid before 1978, especially in respect of land-related institutions and social sector investments. These successfully complemented the PRC's subsequent export and FDI promotion strategies. In the forthcoming decades, it will be important for the PRC to expand its domestic demand, improve on income distribution, and increase social sector investments. Greater social protections, higher wages and increased public spending on education can all help the PRC to meet these challenges to ensure sustained economic growth and development.
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