| 摘 要： | I. Introduction Sustainable growth of the Chinese economy has always been a focal point of discussion. As noted by Guo Shuqing (2004), Yu Yongding (2005), and many other economists, the Chinese economy is facing a multiplicity of disequilibrium and constraints, such as a disproportionately low share of the service sector in the whole economy, continuous external imbalance of payments, unusually high investment rates, energy and environment constraints, a rapidly aging population, unfavorable…
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