Due to the current period of transition, China is in particular need of continued economic growth. While the nation has many complex internal problems and lack of political freedom, the Chinese people believe that continued economic growth would alleviate their problems and hope that the current path of growth will continue for the coming decades. The CCP also recognizes the political importance of economic growth and tries to maintain its growth rates.

However, China’s economic growth is also a controversial issue. Some people argue that it is not sustainable and one key basis for such a rationale lies in its inefficient economic structure. For example, while China’s GDP in 2005 was only one-seventh that of the United States, its consumption of primary energy was half of the U.S. level. Low efficiency incurs relatively high costs to produce a unit of goods and high costs lowers the competitiveness of Chinese goods in global markets, eventually risking stable economic......

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Title: China’s Approach To Improve Its Industrial Efficiency
Approximate Word Count: 1234
Approximate Pages: 5 (250 words per double-spaced page)

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