When Demographic Dividend Disappears: Growth Sustainability of China

Cai Fang and Zhao Wen
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Cai Fang: Chinese Academy of Social Sciences
Zhao Wen: Chinese Academy of Social Sciences

Chapter 4 in The Chinese Economy, 2012, pp 75-90 from Palgrave Macmillan

Abstract: Abstract Since the start of gradualist economic reform and opening up in the late 1970s and through its relentless efforts to join and operate within the World Trade Organization in 2001, China has been deepening its participation in economic globalization and engagement in the market-based allocation of resources. The reform and opening up so far has achieved considerable success, as it has fulfilled its original policy design — leading to significant improvements in its economic growth and people’s income level. As it replaced Japan as the world’s second-largest economy in 2010, its per capita GDP has hit $4,300 — according to World Bank estimates — and it has become a middle-income economy.

Keywords: Capital Stock; Total Factor Productivity; Demographic Transition; Dependency Ratio; Chinese Economy (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:pal:intecp:978-1-137-03429-8_5

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DOI: 10.1057/9781137034298_5

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