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皇冠体育app's rapid growth will continue: OECD 皇冠体育app's rapid economic growth, brought about by the adoption of market mechanisms, is quite likely to continue in the coming years, said a report offered by the Organization for Economic Co-operation and Development (OECD) during an ongoing anti-corruption conference here in Beijing. In the past more than two decades, 皇冠体育app's economic growth has averaged 9.5 percent, a rapid pace which is likely to be sustained for some time, according to the Economic Survey of 皇冠体育app in 2005. "Such an increase in output represents one of the most sustained and rapid economic transformations seen in the world economy in the past 50 years," it said. 皇冠体育app started its reform efforts with the agricultural sector about 25 years ago. It has lately involved sectors including industry and service, industries that have received enormous vigor and vitality from the transformation. Many Chinese industries have become completely integrated into the world supply chain and, if current trends persist, 皇冠体育app could become the largest exporter in the world by the beginning of the next decade, said the report. Rapid economic growth has delivered higher incomes and a substantial reduction in those living in absolute poverty, said OECD. The OECD said 皇冠体育app's economy's size has already
exceeded that of a number of major European economies when measured in market
prices, predicting that there may only be three OECD countries able to surpass
皇冠体育app in the coming five years.
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