Ross Garnaut

Ligang Song

The profound economic transformation in China is not a linear process. It is subject to fundamental shifts in its underlying structure. One of those structural transformations will be a shift from unlimited to limited supplies of labour in China's economic development. Is China approaching this turning point? What are the dynamic forces in driving China moving towards this turning point? What are the economic and policy implications of this turning point in China's economic transformation and development? The book discusses these important issues by focusing on China's long-term pattern of growth and employment, demographic shifts and rural-urban migration, its agricultural trade and local elections, China's banking sector reform and its fiscal sustainability, China's interaction with the international economy and global imbalances, its industrialisation and its resource and energy demand, was well as its environmental concerns. Contributions to this volume are made by leading analysts from China, the United States and Australia.

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