China＇s current economic transformation has its historical reasons and its urgent need of change. With over 30 years of reform and opening-up, China＇s economy experienced high-speed growth for a sustained period, bu...China＇s current economic transformation has its historical reasons and its urgent need of change. With over 30 years of reform and opening-up, China＇s economy experienced high-speed growth for a sustained period, but China is still confronted with many obstacles which call for immediate attention, such as shortage of resources, deterioration of the environment, structural imbalance, and intensified social conflict. If these problems persist, an ominous future would not be avoided unless an economic transformation was in effect. As China＇s economic power and international influence increase, its economic transformation will significantly impact not only its domestic economy, but also the world economy. This article analyzes the transformation of China＇s economy from an international perspective, particularly focuses on the relationship between China＇s transformation and the economies of most developed countries （e.g., United States and EU） by comparing data and analyzing impacts caused by each other. At the end, the article will provide some suggestions for further research.展开更多
The declining share of labor compensation in China＇s GDP has raised intense public concern. Using statistics since 1978, this research paper examines, in detail, the changing patterns of labor compensation since refo...The declining share of labor compensation in China＇s GDP has raised intense public concern. Using statistics since 1978, this research paper examines, in detail, the changing patterns of labor compensation since reform and opening- up. Following international practices. this paper has adjusted China＇s labor compensation statistics.The results show that, iu contrast to a significant drop in the share of labor competsation in GDP before making an adjustment, the adjusted share has actually remained stable for the most part after the late 1970s.There has been no discernable fall until the last several years, The real prablem in China＇s functional distribution of national income since the late 1970s has not been the declining share of labor compensation in GDP. Actually, the share has always remained consistently low.It can be characterized as beiag ＂stable at a low level on a long-term basis＂.How to increase the labor share,which is in the interest of the average worker is a major question that must be addressed in China＇s future economic development.展开更多
文摘China＇s current economic transformation has its historical reasons and its urgent need of change. With over 30 years of reform and opening-up, China＇s economy experienced high-speed growth for a sustained period, but China is still confronted with many obstacles which call for immediate attention, such as shortage of resources, deterioration of the environment, structural imbalance, and intensified social conflict. If these problems persist, an ominous future would not be avoided unless an economic transformation was in effect. As China＇s economic power and international influence increase, its economic transformation will significantly impact not only its domestic economy, but also the world economy. This article analyzes the transformation of China＇s economy from an international perspective, particularly focuses on the relationship between China＇s transformation and the economies of most developed countries （e.g., United States and EU） by comparing data and analyzing impacts caused by each other. At the end, the article will provide some suggestions for further research.
文摘The declining share of labor compensation in China＇s GDP has raised intense public concern. Using statistics since 1978, this research paper examines, in detail, the changing patterns of labor compensation since reform and opening- up. Following international practices. this paper has adjusted China＇s labor compensation statistics.The results show that, iu contrast to a significant drop in the share of labor competsation in GDP before making an adjustment, the adjusted share has actually remained stable for the most part after the late 1970s.There has been no discernable fall until the last several years, The real prablem in China＇s functional distribution of national income since the late 1970s has not been the declining share of labor compensation in GDP. Actually, the share has always remained consistently low.It can be characterized as beiag ＂stable at a low level on a long-term basis＂.How to increase the labor share,which is in the interest of the average worker is a major question that must be addressed in China＇s future economic development.
