It's an open secret that China's economic structure is drawing fire. Local and foreign economists are agreed in thinking that China's labor-intensive economy cannot maintain the current momentum in develop...It's an open secret that China's economic structure is drawing fire. Local and foreign economists are agreed in thinking that China's labor-intensive economy cannot maintain the current momentum in development in the long term. Hua Min, Dean of the Institute of World Economy, Fudan University, is an exception. He has different opinions, arguing that China's problem is not a shortage of labor, but a shrinking market demand on cheap labor. He explains why.展开更多
文摘It's an open secret that China's economic structure is drawing fire. Local and foreign economists are agreed in thinking that China's labor-intensive economy cannot maintain the current momentum in development in the long term. Hua Min, Dean of the Institute of World Economy, Fudan University, is an exception. He has different opinions, arguing that China's problem is not a shortage of labor, but a shrinking market demand on cheap labor. He explains why.
