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The book explores significant transformations in the Chinese economy, highlighting the impending Lewis Turning Point marked by the vanishing surplus labor and rising wages for unskilled workers. It discusses the implications of an aging population on economic growth and the resulting employment challenges, urbanization, and regional development. Additionally, it addresses the middle-income trap as a critical issue for China, concluding with policy recommendations for the government. This work is particularly relevant for those studying China's economic and demographic evolution.
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BEYOND DEMOGRAPHIC DIVIDENDS, Fang Cai
- Language
- Released
- 2013
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- (Hardcover)
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