After more than three decades of average annual growth close to 10 percent, China's economy is transitioning to a 'new normal' of slower but more balanced and sustainable growth.
Its old drivers of growth -- a growing labor force, the migration from rural areas to cities, high levels of investments, and expanding exports -- are waning or having less impact.
China's policymakers are well aware that the country needs new drivers of growth.
This report proposes a reform agenda that emphasizes pr.
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