ABSTRACT

This chapter presents the prospect for China's 60-year economic growth curve that is divided into four parts. It summarizes the profound changes that have occurred in the growth curve over 60 years and generalizes five features. The annual economic growth rate has also experienced numerous rounds of fluctuations. The chapter analyzes the seven great changes taking place in the economic structure that is implied by the growth curve since the reform and opening up, which will be significant promoting factors for future sustainable growth in China's economy. It illustrates a new round of the economic cycle. The chapter discusses the historical experiences and lessons to endeavor to extend the rising stage of the new round of the economic cycle. The economic growth speed in China should not be below 8 percent at the present stage. Under the highly centralized planned economic system, the government was responsible for solving the problem of urban housing, which was in severely short supply.