Elimination of the hukou system will improve social welfare, which can contribute to rising domestic consumption.
CSR Blog: How Local Politics Might Undermine China’s Environmental Policy Ambition
By Zhuoran Li Since the “Reform and Open Up” that began in 1978, China has achieved magnificent economic development. China’s real annual GDP grew 9.5 percent on average from 1979 to 2018. The World Bank describes the growth of China as “the fastest sustained expansion by a major economy in history.”[1] The economic growth not …
CSR Blog: China’s “Guerrilla Warfare” Trade Policy and the Emerging WTO Credibility Crisis
By Zhuoran Li China’s admission to the WTO is one of the most significant events in the 21st century world economy. After engaging in 15 years of onerous negotiation and facing the most rigorous entrance requirements, China joined the WTO in 2001. Beijing used the admission as an external push to accelerate domestic economic reforms. …