Synopsis

The Chinese economy has its own development pattern, but at the same time it is necessarily influenced by the cyclical changes in the world economy. At present, the world economy has entered the stages of technological innovation and expansion, global reduction in dividend, and adjustment in growth patterns. China needs to make corresponding adjustments to the growth pattern attached to the global imbalance, the globalized distribution pattern for bonuses, and the production patterns which are in tune with the conventional division of labor in the world. The 18th National Congress of the Chinese Communist Party proposed the comprehensive elevation of the open economy. Chinese President Xi Jinping also repeatedly stressed that China will better coordinate the domestic and international scene, resolutely persevere its open development and win-win scenario, and be more proactive in its participation in international affairs, so as to meet the global challenges together, and make contribution to global development. At present, the trumpet has sounded for the comprehensive deepening of China's reform efforts. China will carry out scientific planning and evolution adjustments related to the direction, path, speed and goal of its economic transition, with an aim to raising the standard of its open economy on a larger scope and coverage, and at a deeper level. This will enable China to achieve an advanced version in its economy, and ultimately realize the “Chinese dream” of the great renaissance in the Chinese nation. This book sets out to explore the further reform of China in the current context of the world economic scene, using a language and logic that is comprehensible to the international community, and to demonstrate to overseas readers and the international community the determination and ambition of China, as a responsible major power, to build a harmonious world economy.