China’s remarkable economic growth has produced dramatic structural and socioeconomic change. Economic growth has solved many problems but the accompanying changes in the economy and society have brought new problems to the fore. This has been recognized by China’s Government in the recent emphasis that it has placed on the need to create a “harmonious society.” The new leadership will wish to devise new policies for the current challenges and those ahead. In June 2013 a China Policy Forum was held in Oxford to discuss some of these challenges and their implications for future policy.1 Among the various topics that might have been chosen, four were selected and relevant experts were invited to make presentations in order to start the discussions. The topics chosen for this, the first Forum, were: policy against social instability; policy against rural poverty; technology policy; and policy for the aging population. After the very successful Policy Forum the four experts were invited to revise their presentations in light of the discussions, and to prepare them as papers for journal publication. Three have responded. We, the Guest Editors, are grateful to the Editors of China & World Economy for providing an excellent outlet for these (peer-reviewed) papers. The papers differ somewhat from most journal articles in economics in that the contributors were asked to divide their space roughly equally between an economic analysis of the main issues and the policy implications of that analysis. However, the contributors were not expected to come up with a cut-and-dried list of policies to be implemented. Rather, they were invited to present a reasoned set of policy options, based on their economic analysis, for government consideration. In this Introduction we highlight the main points of each paper, concentrating on the policy implications. Social instability is a surprisingly uncommon research topic for an economist, because concern about social instability can lurk behind much policy-making. China’s leadership views social instability as a threat both to the political order and to the continued rapid
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