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The article discusses the role that private sector businesses play in economic development in China, comparing it with the impact of state capitalism on China's economic conditions. An overview of Chinese industrial state-owned enterprises (SOEs), including their contribution to China's gross domestic product (GDP), is provided.

Purpose – The purpose of this paper is to research the status quo and future trends of the income elasticity of the consumer demand of Chinese rural residents. Design/methodology/approach – The paper uses model ELES and model GM (1,1) to analyze and predict the income elasticity of consumer demand in the rural areas of China. Findings – The findings show the indicator that the income elasticity of consumer demand in the rural areas of China is quite large at present, but most sub-categories of the indicators show a declining trend in the future. Practical implications – The paper includes implications for the relevant departments to adjust the economic polices timely and reasonably according to specific form based on the findings above. Originality/value – The income elasticity of consumer demand is an important indicator, reflecting the relationship between consumer demand and income, so it is of great significance to research it. [ABSTRACT FROM AUTHOR]

Information about several papers discussed at a conference on the need for the development of agricultural and rural areas in China, which was conducted in Beijing on December 2005 is presented. The economy in the country can be developed in the right direction if problems relating to agriculture, rural areas and the farmers have been solved properly. The conference was attended by Chinese Premier Wen Jiabao and Vice-Premier Huang Ju. INSET: OVERPOPULATION: A MAIN CAUSE OF RURAL POVERTY.

The article provides a summary of the article "The Sources and Sustainability of China's Economic Growth," by Gary H. Jefferson, Albert G.Z. Hu, and Jian Su in "Brookings Papers on Economic Activity in the No.2, 2006 issue. The author states that China will never be the world's largest economy due to the fact that its rapid economic growth is limited to a few industries.