Barry Naughton on Chinese Urbanization
Incoming premier to forge new strategic economic path
11/19/2012
Victoria Ruan,
South China Morning Post
Premier-designated Li Keqiang is making a new strategic push for China - the "four new modernisations", highlighting the key areas the nation plans to focus on to transform its economy over the next decade.
Li stressed the goal of "four new modernisations" at a panel meeting during the Communist Party Congress last week, referring to Beijing's new push for industrialisation, information technology application, urbanisation, and agricultural modernisation over the next decade. While it may sound abstract, the phrase "four modernisations" is no stranger to China watchers. Similar goals raised by former leaders have shaped every key stage of the country's economic transition in the past.
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Barry Naughton is Sokwanlok Chair of Chinese International Affairs. He is the professor of Chinese Economy at the School of International Relations and Pacific Studies. His work focuses on issues relating to industry, trade, finance, and China's transition to a market economy. Recent research emphasizes on regional economic growth in the People's Republic of China and the relationship between foreign trade, investment and regional growth.
