Guangdong, a province of over 93 million residents, is located on  the southern coast of China, boarding with Hong Kong, China. As  China’s powerhouse for economic growth and a pioneer of reform  and opening up, Guangdong has maintained an annual average GDP growth  rate of 13.7 percent over the past three decades. Its historical  achievements notwithstanding, Guangdong witnessed increased inequality  and regional disparity.    To assist the authority in developing a strategy for the new phase  of reforms that promotes more inclusive and sustainable growth, the  report Reducing Inequality for Shared Growth in Guangdong  Province recommends a three-pillar approach: eliminating absolute  poverty, reducing inequality in opportunities, and containing  inequality in outcomes. The report also proposes a range of policy  actions in these three broad areas. First, to further develop the  social assistance program (i.e. the minimum living allowance program )  to address the issue of absolute poverty; Second, to improve income  opportunities of the rural poor by better facilitating rural labor  migration to non-farming jobs and urban labor markets, deepening rural  finance reform, and providing better protection of their rights over  land. Third, to invest in people through more equitable access to and  financing of social services such as basic education, skills  development, and health care. Further reform of the intergovernmental  fiscal system is essential to the success of these efforts.    This report will be of interest to central and sub-national policy  makers, policy implementing agencies, researchers, development  partners, and others working on economic and social development in  China and in other countries. Guangdong’s experience will offer great value to the rest of China and to other countries that are  grappling with similar development challenges.

Reducing Inequality for Shared Growth in China: Strategy and Policy Options for Guangdong Province PDF

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