Quality instead of quantity

To meet the challenges of fewer workers and more elderly, China must invest in improving the quality of labor force

China recently started to experience a shortage of labor. The problem started to appear in the eastern coastal cities, but soon spread to major inland cities. This trend has marked the end of the golden age of labor surplus in China.

China's rapid economic growth over the past decades is often attributed to its demographic dividend. According to data from the World Bank, the structural advantage of China's demographic dividend contributed around 30 percent to its total economic growth.