China and the Knowledge Economy : Seizing the 21st Century

'China and the Knowledge Economy' was prepared by World Bank in collaboration with the Chinese government and leading academics. It argues that, in order to address the growing economic, social, and political pressures of the 21st Century, China will have to build solid foundations for a knowledge-based economy by updating the economic and institutional regime, upgrading education and learning, and building information infrastructure. China must also raise the technological level of the economy by diffusing new technologies actively throughout the economy, improving the research and development sytem, and exploiting global knowledge.