摘要
The large quantity of cheap labor resources has long been regarded as one of the important factors that make it possible for China's economy to maintain rapid growth. However, Cai Fang, Director of the Institute of Population and Labor Economics, Chinese Academy of Social Sciences, warned at a lecture in early May that China's surplus rural labor force is not as large as thought and that China will soon experience the transition from labor surplus to labor shortage. He predicted that the turning point would occur probably in 2009. In response, Hou Dongmin, Director of the Institute of Population, Resources and Environment of Renmin University of China, and Deng Yuwen, researcher at the China Society of Economic Reform, analyze the expected impacts of transition on China's future growth mode (in sequence).
The large quantity of cheap labor resources has long been regarded as one of the important factors that make it possible for China’s economy to maintain rapid growth. However, Cai Fang, Director of the Institute of Population and Labor Economics, Chinese Academy of Social Sciences, warned at a lecture in early May that China’s surplus rural labor force is not as large as thought and that China will soon experience the transition from labor surplus to labor shortage. He predicted that the turning point would occur probably in 2009. In response, Hou Dongmin, Director of the Institute of Population, Resources and Environment of Renmin University of China, and Deng Yuwen, researcher at the China Society of Economic Reform, analyze the expected impacts of transition on China’s future growth mode (in sequence).
