Titlebook: Understanding China‘s Economy; The Turning Point an Fang Cai Book 2021 CITIC Press Corporation 2021 China’s Economy.Reform and Opening Up.C

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Escaping Misunderstandings About the Relationship Between Population and the Economys population has also long been a source of a multitude of misunderstandings. Its evolving nature has hindered our ability to accurately judge our stage of economic development, and from which make the right decisions on economic and social policy. This chapter will delve into several mainstream opi

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The Challenges After the Lewis Turning Pointnd how to counter these challenges. The influence of labour market supply and demand relationships should result in raised wage levels and improved income distribution, but the institutional barriers of current labour markets mean that raising wages incurs systemic costs. Once an economy has passed

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China’s Second Demographic Dividendtcome of China’s demographic transition has been summarised as being ‘old before rich’. Its ageing society also means that, compared with other countries, China will face challenges that are greater in number, in scale, and in rarity. Such challenges can be subdivided into several areas for closer i

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Understanding the Middle Income Trapt, meaning that it has already passed the Lewis turning point, and its demographic dividend is gradually disappearing as its economic growth rate began to decline in 2012. Organisations, including the World Bank, have pointed out that many countries have been unable to sustain their rate of economic

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