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Demographic Perspective of China's Economic Development

Demographic Perspective of China's Economic Development

Paperback

Series: China Perspectives

EconomicsLabor

ISBN10: 103223590X
ISBN13: 9781032235905
Publisher: Routledge
Published: Dec 13 2021
Pages: 266
Weight: 0.84
Height: 0.56 Width: 6.14 Depth: 9.21
Language: English

China is historically famous for its high demographic dividend and its huge working population, and this has driven tremendous economic growth over the past few decades. However, that population has begun to shrink and the Lewis turning point whereby surplus rural population has been absorbed into manufacturing is also approaching, leading to great change in the Chinese labor market. Will this negatively affect China's economic growth? Can the Middle-Income Trap be avoided? What reforms should be made on the labor supply side? This book tackles these key questions.

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