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China - Economic development in Jiangsu Province (English)

Jiangsu's development depends on the level of investment, especially in transport and infrastructure, reforms to industrial policies to foster trade, direct investment, technology transfer, development of programs for labor education and absorption, and agricultural development. Policy reforms should focus on reducing the interventions by the provincial and local governments. The Jiangsu government should remove barriers to trade and promote market integration, and facilitate information flows within the province, and define "priority" industries more clearly. Jiangsu should attract technology and investors with emphasis on expanding technology-intensive "pioneer industries". An education system with strong emphasis on general education supplemented by "demand-driven" technical/vocational programs is recommended. In addition, a more global approach to labor use and absorption by expanding the service sector is needed in order to develop a more responsive-wide labor market and information systems at all levels to match job seekers and employers. The province also needs a fiscal plan for increasing both government resources and expenditures, and strengthening the tax administration. Agricultural specialization and grain production in the north should also be encouraged and price reform maintained. Lastly, the intermodal balance must be reworked, to build up road and air transport, and to favor waterways over ports.

Details

  • Document Date

    1991/06/25

  • Document Type

    Pre-2003 Economic or Sector Report

  • Report Number

    9354

  • Volume No

    1

  • Total Volume(s)

    1

  • Country

    China,

  • Region

    East Asia and Pacific,

  • Disclosure Date

    2010/06/12

  • Disclosure Status

    Disclosed

  • Doc Name

    China - Economic development in Jiangsu Province

  • Keywords

    township and village enterprise;labor force participation rate;operation and maintenance cost;agricultural base;per capita income;gdp growth rate;higher education institution;central government action;nominal tax rate;financial sector reform;Industrial Policies;Industrial Policy;taxpayer identification number;share of resource;value added tax;economies of scale;general tax revenues;supply of capital;conflicts of interest;central policy guideline;public investment program;tax administration capacity;complicated tax system;improvement in productivity;share of revenue;provincial tax administration;abundant water resource;barriers to trade;development of market;distribution of expenditure;foreign exchange retention;local resource mobilization;volume of investment;multimodal transport system;price of export;social sector reform;foreign direct investment;interest rate policy;human capital endowment;rate of growth;irrigation and drainage;skilled labor force;devolution of responsibility;source of revenue;contract responsibility system;weights and measure;industrial growth rate;retail price index;urban labor force;allocation of resource;unit of output;process of decentralization;capital goods industry;raw material;Trade Policies;light industry;Trade Policy;price reform;industrial sector;economic reform;budgetary revenue;capital expenditure;Macroeconomic Management;social security;rural transportation infrastructure;Fiscal policies;cotton production;fiscal policy;retrenchment program;grain production;foreign trade;Rural Industry;private operator;ownership structure;government initiative;tax relief;fiscal system;trade regime;export promotion;export quota;industrial investment;coastal provinces;outward orientation;Fixed Assets;state enterprises;industrial economy;resource endowments;policy tool;agricultural activity;industrial structure;policy regime;loss-making enterprise;comparative advantage;social structure;provincial authority;road transport;central control;agricultural labor;provincial policy;quantitative measure;national income;reform process;Bank Credit;Labor Policies;national economy;production network;labor use;managerial tool;Labor Market;central guideline;annex annex;infrastructural facility;Basic Education;air transport;horizontal cooperation;cost-benefit analysis;industrial base;kilowatt hour;sample contract;labor absorption;governmental objectives;agricultural input;working capital;institutional credit;agricultural mechanization;administration cost;Fiscal Reform;short-term training;rural labor;labor policy;fertilizer subsidies;surplus labor;compensation trade;labor education;Vocational Education;export growth;education fund;rural community;vocational program;aggregate investment;profit remittance;discount rate;monetary management;fiscal relation;commercial bank;credit allocation;investment approvals;direct intervention;market price;indirect instrument;central approval;central funding;property right;provincial development;macroeconomic efficiency;export targets;fiscal contract;direct credit;local investment;policy priority;water transport;Macroeconomic Stability;Agricultural Investment;grain crop;credit ceiling;gross value;industrial safety;rural agriculture;export orientation;Investment priorities;investment priority;market economy;production capacity;industrial region;administrative function;social program;constant price;village communities;managerial decision;township government;administrative capacity;electronic equipment;chemical industry;import item;gross output;overseas markets;import technology;reverse engineering;license agreement;organizational reform;foreign technology;power supply;development pattern;contract system;imported inputs;domestic price;agricultural output;fiscal revenue;output growth;regional distribution;agricultural sector;enterprise group;financial entity;transport network;environmental issue;transport capacity;freight traffic;road maintenance;fleet modernization;transport line;pricing policy

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Citation

China - Economic development in Jiangsu Province (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/159401468014990061/China-Economic-development-in-Jiangsu-Province