Long-term economic development in China

The paper aims at defining some major question for future Chinese economic growth after some thirty years of reform and transformation of the Chinese economy. The argument developed here focuses on the idea that growth depends fundamentally on the expansion of the market and thus on the process of market development. After a brief examination of development economics and the role market creation may play within its basic structure the theoretical framework is summarized in section 4. The discussion of the prospects for market creation in China is built around the difficulties at creating new markets at a sufficient scale and pace in the developed West, and the US in particular.