Analysis of China’s Investment-Driven Economic Growth Model and Its Transformation

Yiwen Kang ()
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Yiwen Kang: Jinan Jinqiu International School

A chapter in Proceedings of the 2025 4th International Conference on Public Service, Economic Management and Sustainable Development (PESD 2025), 2025, pp 180-189 from Springer

Abstract: Abstract Since the reform and opening up, China has long relied on high investment (such as infrastructure, real estate and manufacturing) to drive economic growth, forming a typical “investment-driven” development model. As a core component of the factors of production, labor has played an important role in investment-driven growth. This paper starts from the perspective of labor factors, reviews and analyzes the past literature through a timeline, and combines the two major models of Lewis and Lucas to analyze the characteristics of China’s economic growth. Taking Shenzhen as an example, it analyzes the mechanism of action, evolution characteristics and challenges faced by China’s economic growth model. On this basis, policy suggestions are put forward.

Keywords: China’s economic growth model; labor force; demographic dividend; human capital (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-916-2_22

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DOI: 10.2991/978-94-6463-916-2_22

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