Despite China’s rapid economic growth certain regions of the country have yet to feel the benefits. The country has already achieved the Millennium Development Goal of halving the number of people in extreme poverty by 2015. However deprivation remains in both urban and rural areas.
At the moment the 12th five-year development plan is being discussed and one of the terms being used is ‘Inclusive Growth’.
The idea is that whilst rapid development is necessary for reducing poverty it is only sustainable if it includes a large part of the country’s labour force. This means broad sectors of society and the economy must feel the benefits, what has been termed development with fairness.
So how could this idea work in reality and how does it differ from China’s existing model of economic growth?
Ni hao, you're listening to
People In the Know, bringing you insights into the headline news in China and around the world, online at CRIENGLISH.com, and here on China Radio International. In today’s program we’ll discuss ‘Inclusive Growth’.
First we are going to speak to Zhuang Jian. As an expert in economics he wrote China’s country chapter for the Asian Development Bank’s publication, Asian Development Outlook.
(Conversation with Mr. Zhuang Jian.)
And after a short break we’ll go to India and talk with an expert on economic development.
Ni hao, you're listening to
People In the Know, bringing you insights into the headline news in China and around the world, online at CRIENGLISH.com and here on China Radio International. I'm Nigel Ballard in Beijing.
India has also seen economic reforms and rapid growth. And again, as in China, there are groups of people who have yet to reap the benefits. For more we are joined by Dr. Hari Nagarajan, who is the Senior Fellow at the National Council of Applied Economic Research.
(Conversation with Dr. Hari K. Nagarajan)
And with that we conclude this edition of
People In the Know, online at CRIENGLISH.com and here on China Radio International.
In both India and China rapid economic development has not yet reached all sections of society. The theory of ‘Inclusive Growth’ is being considered to address the problem. Although the aim of ‘development with fairness’ is the same, the two countries may find different ways of implementing that idea.
Questions or comments for us can be sent to
people@cri.com.cn. You can also listen to our show on your mobile by logging onto m.cri.cn. The Programme Producers are Xu Yang, Chen Mo, Lu Yuan and interns Xu Xiaojie and Xie Sisi; I’m Nigel Ballard in Beijing, We’ll talk again tomorrow.
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