Abstract The crux of China economy is its overt reliability on quantitative mode for economic growth. It is imperative for China to transform from an investment-led growth to efficiency-improvement growth economy. Reform is the decisive condition for this transformation,to eliminate institutional barriers and construct an institutional environment of fostering innovation and entrepreneurship. Such transformation can only be achieved through economics reform for marketization,and political restructuring for democratization and legalization.
2013, Vol. 1 
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