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than upward, after about age 50 (Figure 22.5). This was particularly the case in 1995 and 1997. The anomaly can be attributed to shortages in well being care insurance coverage and pensions among rural Chinese. In the 1990s China’s public medical health insurance and pension system covered solely city employees. In 2003, seventy nine% of rural residents (as compared with 45% of the urban population) had no health insurance. Realizing that financial growth was not sustainable with out social growth, in the course of the first decade of this century the Chinese authorities determined to assemble a ‘harmonious society’ that would shift the focus of development from financial development to a broader imaginative and prescient of sustainable human growth. One feature of this transition has been the rapid increase of government expenditures on the general public sector, which can affect the National Amazing vintage butterfly leather pattern all over print tote bagTransfer Accounts and the lifecycle deficit. Reform from a planned to a market financial system started in 1978 and has led to a ‘China financial miracle’ (Lin et al. 1994). The actual Gross Domestic Product growth price has averaged 9.8% per yr during the last three a long time. Some observers (e.g., Wang 2003, 2008; World Bank 2004) have argued that China’s market reforms have gone too far. They cite, for

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