TITLE:
The Challenges and Policies of Economic Growth in China
AUTHORS:
Huawei (Joe) Huang
KEYWORDS:
China, Economic Growth, Compulsory Education, Domestic Competitive Pressure, Chinese Culture
JOURNAL NAME:
Modern Economy,
Vol.12 No.12,
December
2,
2021
ABSTRACT: Economics plays a pivotal role in the world
and not only in terms of the ways in which societies produce, distribute, and
use scarce resources but also, and perhaps more importantly, how people can
improve the quality of their daily lives through the efficient allocation of
those scarce resources (SOAS, 2018). Within this broader endeavor, economists
attempt to generate insights into the complex idea of “the economy” and analyze
the individual and aggregate behaviors that shape and inform our economic
activities (The Economic Times, 2021, November 10). The resultant frameworks
for understanding economic behavior and enhancing people’s quality of life provide
possible so-lutions for mitigating many of the world’s social and economic
challenges in-cluding poverty, environmental destruction, and wealth
redistribution. Alt-hough economists do not provide a miracle cure for
resolving these challenges, they certainly increase the possibilities for
engaging with and addressing them in creative ways (Dellink, Rob, & Ruijs,
2008).