Blog 8: The Future of China's Growth

                In the article, “The Future of China’s Growth” written by Justin Yifu Lin, he is addressing how the Chinese economy has recently began slowing down and how the government is trying to face these growing problems. China is beginning to face serious economic inequality, like many other countries are already experiencing. The Chines government has developed a Five Year plan that will deepen market oriented reform, change the country’s development model, quality of growth, structural reforms and social inclusion to overcome the rural-urban divide to make the rise in income inequality. In order for this plan to work the government needs to provide rules, standards, and policies. The author state that Chinese government needs to make measures to increase labor force participation rates, rethink wage policy, and make social insurance programs accessible nationwide. By doing all these things it will help mend the gap that is becoming larger between the classes. China’s government calls for expanding opportunities, promoting social security, and reducing relatively high and social economic inequality.

                I agree with the author, since so many countries are now facing such drastic income and economic inequalities then the governments need to step in and form rules, standards, and policies for the country to be governed by. By providing the people of the country with policies, especially the ones that are hurting from the inequality gap like the lower and middle classes, then they will benefit from the new policies. Policies will help the country’s inequality gap grow smaller which will then make the country be able to grow as a whole.

http://thedailynewsegypt.com/global-views/the-future-of-chinas-growth.html