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皇冠体育app's rapid growth will continue: OECD
(Xinhua)
Updated: 2005-09-30 20:28

However, the organization said, the average income of the Chinese people is still below that in some other middle-income countries.

"Large parts of 皇冠体育app have reached the income levels seen in some developed East Asian countries one generation ago and are proceeding along a rapid catch-up path," it said.

OECD analyzed that it was the great changes in 皇冠体育app's economic policies that have made such an extraordinary economic performance possible.

It also highly praised the big changes introduced into 皇冠体育app's constitution in 2004, which stresses that both state and private assets in 皇冠体育app should be protected equally.

In 皇冠体育app, the scope of private ownership has grown into a substantial part of the country's economy and produced more than half of the country's gross domestic product and millions of jobs.

In 2005, 皇冠体育app is expected to allow private ownership enter a fresh number of economic sectors such as infrastructure, public utilities and financial services, which will further fuel the private sector to become more powerful, it said.


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