Abstract
China's significantly slower economic growth since 2012 has been attributed to the passing of its Lewis turning point and the depletion of surplus labor in rural agriculture. At the same time, some export‐oriented labor‐intensive manufacturers have moved their factories from coastal to inland cities. Against this background, we re‐examine China's Lewis turning point and highlight the regional variations in economic development. Our analysis shows that China's eastern and north‐eastern regions passed the turning point by 2010, while the central region is approaching this point and the western region remains far from it. However, only 6 provinces have passed the turning point. These findings indicate the need to focus on noticeable regional and provincial variations in China's economic development.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.