China : Socialist economic development

the long version

This first World Bank report on the Chinese economy is primarily an attempt to address: (i) China's economic development as related to its people since the 1949 revolution; and (ii) the respective roles of factors outside the government's control, of the policies followed, and of the system of economic management itself. It uses the context of experience in other developing countries to discuss some of the fundamental implications for future policy. In view of the scale and difficulty of this task, and the limited time and resources available, the report should be regarded as no more than a preliminary step toward an understanding of China's economic progress and potential. Volume I includes the main economic report and annexes on the statistical system and basic data; Volume II comprises the economic sectors - agriculture industry, energy, transport, and trade and finance; Volume III comprises the social sectors - population, health, and nutrition and education.