TAILIEUCHUNG - Toward homogeneous and balanced Chinese economic prosperity

Chinese economic prosperity strategies are discussed in detail in this paper. By examine Chinese economic present situation, 5 major strategies are demonstrated thoroughly: 1) Speed-maintaining strategies, 2) Healthy economy strategy, 3) Competiveness strategy, 4) People’s quality enhancement, 5) Balanced development strategy. All economic related factors must be balanced for a sustainable growth. The eventual goal is to achieve a homogeneous and balanced Chinese Economic Prosperity .The detail procedures and methods are outlined and discussed. Finally, the evidences for these strategies are investigated to support the theory. | Journal of Applied Finance Banking vol. 8 no. 5 2018 1-17 ISSN 1792-6580 print version 1792-6599 online Scienpress Ltd 2018 Toward homogeneous and balanced Chinese Economic Prosperity Liang-Xin Li1 Abstract Chinese economic prosperity strategies are discussed in detail in this paper. By examine Chinese economic present situation 5 major strategies are demonstrated thoroughly 1 Speed-maintaining strategies 2 Healthy economy strategy 3 Competiveness strategy 4 People s quality enhancement 5 Balanced development strategy. All economic related factors must be balanced for a sustainable growth. The eventual goal is to achieve a homogeneous and balanced Chinese Economic Prosperity .The detail procedures and methods are outlined and discussed. Finally the evidences for these strategies are investigated to support the theory. JEL classification numbers C1 Keywords Chinese economic prosperity strategies economic growth competitiveness reform 1 Introduction It is a well-known fact that China has made an economic miracle for the past 30 years with an average more than GDP growth rate. Now China is the second largest economy which past Japan in 2010. But still China is a developing country with the average GDP per capita 6747 of 2 thirds of the average GDP per capita of the world which ranked as 84 in the world 1 2 6 . Now as the largest 1Business school Hunan International Economics University Hunan Changsha 410205 China Article Info Received March 2 2018. Revised March 28 2018 Published online September 1 2018 2 Liang-Xin Li driving engine for the world economic growth China has a very long way to go for its completion of the modernization era 3 4 5 8 . The key success strategies for the past 30 years for China are 1 Free its economy. China has been striving to reshape its economic system to fulfill the free market requirements by reducing government controlled planning economy forming all kinds of merchandise capital and financial markets releasing human resource .

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