China’s future development: a closer look at the resource environment

Huang Taiyan (黄泰岩)
Professor, Doctoral Adviser and Executive Associate Dean, Institute of Economic Reform and Development,
Renmin University of China
Abstract:
Thirty years of reform and opening-up has steered China toward an economic miracle. However, rapid growth has also brought about resource and environmental challenges that stand in the way of renewing the brilliant success in coming decades. Given the rapid process of industrialization and modernization, it is unrealistic to slash domestic energy use and emissions as an ultimate solution. On the contrary, we need to adopt an outward-looking approach to make use of international resources on the basis of mutual benefit. Specifically, it includes international trade, regional cooperation and the “going-out” of Chinese firms. Amid the financial turmoil, Chinese businesses are facing an unprecedented opportunity to go beyond the national border for international resources. Taking advantage of this opportunity will facilitate access to resources for China’s development in coming decades.
Key words:
China’s economic development; Economic and environmental constraints; Use of international resources

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