institute of population and labor economy

The Chinese academy of institute of population and labor economy, said China's social otsuka said "not rich first old" not simple to understand more for the elderly, need to replenish the population. Generally speaking the MBT Fora working-age population incremental decrease with rapid economic growth, which lead to the will to common labor shortage of wages rise, also is often say "lewis inflection point". Labor costs rise, and the original labor-intensive industrial comparative advantage relative weakening is the inevitable result of industrial structure, this means to capital and technology intensive upgrades.
Will China's actual conditions for, per capita income have just crossed above the mbt shoes sale average level of the development stage, physical capital accumulation is not obvious in the advantage in labor quality and scientific and technical level and developed countries, and still has a huge gap both in capital-intensive or technology-intensive industries, China is not a comparative advantage. This also means that "not rich old before losing population dividen" of Chinese economic development may gradually after losing its comparative advantage, but short-term inside cannot achieve new comparative advantage, thus has into "middle-income trap" danger.
Otsuka from this point, said "not rich old before" is China's economy in "1025"MBT Wingu period of special challenges facing, we must face the challenges and realize the next five years and even longer period of sustained economic growth.