Adequate labor force and capital conducive to China's growth in 10 years: political scientist

09:17, November 08, 2010      

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An adequate labor force and sufficient capital, along with a well-built infrastructure network, will continue to play an important role in China's economic development during the next ten years, according to a political scientist.

Zheng Bijian said at a forum over the weekend that along with the changes taking place in China's social and consumption structure in the next 10 years, its enterprises will become more competitive and the government's capacity in macro-control and coping with complexities will steadily improve.

Meanwhile, China's economic development will also face challenges,including constraints of natural resources, a lack of scientific innovation, imbalanced development of rural and urban areas, employment pressures and income gaps, according to Zheng, former vice president of the Party School of the Communist Party of China (CPC) Central Committee.

However, for China, along with the rest of the world, opportunities and challenges will co-exist during the next ten years, and opportunities will prevail, Zheng said.



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