“China 2030”: World Bank Releases Major Report with the Development Research Center of the Chinese State Council.

07 Mar 2012

Cathy Cullen

Download the full report here.

On 27 February 2012, President of the World Bank, Robert B. Zoellick, presented a joint report of the World Bank and the Development Research Center of the State Council of the People’s Republic of China.

The report, entitled “China 2030: Building a Harmonious and Creative High Income Society”, proposes a new development strategy for China for the next two decades.

The idea for the report was formulated between Robert Zoellick and Chinese Vice Premier Li Keqiang when they met on the 30th anniversary of China’s involvement with the World Bank on 13 September 2010. At the launch of the report, Mr Zoellick expressed his thanks to Chinese Vice Premier Li for his “unwavering commitment” to the project. Vice Premier Li is mooted to be appointed as the next Premier of the People’s Republic of China, therefore his involvement in the project and the fact that the report is co-authored by the Development Research Center of the State Council of the People’s Republic of China lends credence to the report in China and the wider international community.

The report aims to build on the objectives outlined in China’s 12th Five Year Plan, rather than displace them, in order to develop a long term development strategy for China that extends to 2030. According to the six key messages in the report China should:

1.     Implement structural reforms to strengthen the foundations for a market based economy;

2.     Accelerate the pace of innovation and create an open innovation system;

3.     Seize the opportunity to “Go Green”;

4.     Expand opportunities and promote social security for all;

5.     Strengthen the fiscal system;

6.     Seek mutually beneficial relations with the world;

Download the full report here.

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