An objective understanding of China’s development (II) (3)

Fourth, China’s demographic dividend will continue to exist for some time. Admittedly, its demographic dividend is weakening due to population ageing. However, China’s old-age dependency ratio will remain at relatively low levels, and the country will maintain a huge work force over the next 20 years, according to forecasts by related U.N. institutions. Furthermore, the overall quality of Chinese workers has increased significantly, and the country still has the world’s largest and best trained work force.

Fifth, China has great advantage in infrastructure and other aspects of “hard environment.” Many countries, including developed ones, do not have the complete transportation and information networks or mature division of labor system China possesses. After decades of rapid development, China has closely integrated into the global value and supply chains.

Sixth, China has constantly improved its policies, systems, and other aspects of “soft environment.” Over the past 30 odd years since the Reform and Opening up, China has established a policy mechanism and legal system suitable to both domestic and international conditions by studying its own national conditions and drawings on the experience of foreign countries. According to the 2012 China Business Climate Survey Report released by the American Chamber of Commerce in China, 78 percent of respondents rank China among their top three destinations for global investment, and 82 percent plans to increase investment in China. Most importantly, China has long maintained political and social stability, forming a sharp contrast to many turmoil-hit countries and regions. Overall, China remains an ideal tourist and investment destination.