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Economics Department Home: Economic Growth and Productivity > Economic Survey of China 2005: Don't
Improving the productivity of the business sector
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Structural Issues EC
Economic P
Effects of Economic Survey of China 2005: Improving
Ageing
Competition: the productivity of the business sector S
Economic E
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g
Economic Send Print
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Growth and
Productivity The following OECD assessment and recommendations summarise O
The Economics Chapter 2 of the Economic Survey of China 2005 published on 16 Le
of Health September 2005. C
Economic S
Implications of The private sector has become the basis of economic expansion.
Migration
Indeed, the changes in government polices have created a largely Going fo
Environment
and market-oriented economy in which the private sector plays a key role. 2008 hi
Sustainable Precise measurement of the size of the private sector is difficult, but a the fact
Development:
definition which considers as private all companies that are controlled are hold
Economic
Issues neither by state nor collective shareholders suggests that the private OECD ec
Human Capital sector was responsible for as much as 57% of the value-added
Housing produced by the non-farm business sector in 2003. Even amongst
Labour larger companies in the industrial sector, the private sector produced
Markets over half of value-added in 2003 and that share appears to have risen
International
Trade and
even further in the following two years. Overall, between 1998 and
Investment: 2003, the progressive evolution in government policies allowed a
Economic fivefold rise in the output of domestically-owned private companies and
Issues
a threefold rise in the output of non-mainland controlled companies; by
Regulatory
Reform: contrast, the output of the state sector rose by just over 70% in this
Economic period.
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Monetary and Financial
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Public Finance
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For further information please contact the China Desk at the OECD
Economics Department at webmaster@oecd.org. The OECD
Secretariat's report was prepared by Richard Herd, Sean Dougherty
and Margit Molnar, under the supervision of Silvana Malle. Consultancy
support was provided by Charles Pigott, Ping He and Xin Zhang.
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