ABSTRACT
This chapter describes China’s growth and development strategies in the 1980s and 1990s. It examines the growth bottlenecks surfacing in the 2000s and assesses the Chinese government’s attempt to overcome the growth hurdles. In the mid-1990s to early 2000s, China made strenuous efforts to integrate further into the global economy by embarking on a new journey of “going out” and joining the World Trade Organization, with an aim to reach a wider global market and augment its leading role in global affairs. Though the waning growth may reflect the damage inflicted by the trade war with the US and the shaky global market, the fundamental causes stem from the structural issues embedded in China’s growth strategy. The Chinese economy has ample resilience and enormous potential to unleash accumulated wealth, extensive global presence and a strong and practical government with its huge domestic market.
