Sentences with phrase «profound economic transformation»
China is undergoing a profound economic transformation though technological innovation and structural reform.
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And we shall see that the transformation of the earth, its new creation, is not solely a reorganization of its social and technical aspects nor just the institution of new political and economic relationships among people; it is also a profound spiritual metamorphosis of mankind, a revolution.
It forecast that «almost all our economy and society» will be affected by the momentous changes taking place to our north and warned «a whole - of - Australia effort» was needed to deal with a social and economic transformation as «profound as any that have defined Australia throughout our history.»
China is in the midst of a profound economic and social transformation, trying to reinvent itself from an economy based on selling cheap goods overseas to an economy based on selling quality consumer goods at home, while keeping growth rates high and cutting dependence on fossil fuels.