china s next phase global competitiveness and social harmony dominic barton mckinsey & company march 25 2006 1 executive summary economic development over the last 15 years has been tremendous by any standard in fact one could argue set a new for 2 however needs to shift model of five ensure continued growth prosperity infrastructure driven like japan korea many asian tigers is not sustainable reaching its limits leg currently much longer than this consequences shifting are severe financial crisis significant unrest lower level significance world 30 3 core elements agenda include following more consumer rapidly upgrading safety net tax healthcare education accelerating reform chinese system enhancing human capital especially corporate leadership basic masses
