Duringthetransitionfromindustrializationtourbanization,Chineseeconomyisfacedwiththemarketofvertical&horizontalfragmentationandshortageofhumancapitalcausedbytheinstitutionalfactors,whichbecomethemainobstaclesconstrainingitssustainablegrowth。Astheyear2015and13thFive-YearPlangettingcriticalforChina’s“newnormal”andnewtransformation,amainshockoftheChineseeconomyisontheway,whichisrootedinthestructuralslowdowntoitsgrowthbythereductionoflaborsupply,thedeclineininvestmentgrowth,thediminishmentof“LearninginDoing”effectandthechangeofdemandstructure。ThegrowthrateoftheChineseeconomyin2015isexpectedtobe6。9%,whilethatduringtheperiodof13thFive-YearPlancouldonlymaintain6%inthecasethatthecontributionrateoftechnicalprogressis30%。ThetoppriorityforthesustainablegrowthofChineseeconomyhasturnedouttobetheTotalFactorProductivity(TFP),withparticularemphasisoneffectivelyimprovingtheproductivityinthewesternandmiddleregionsofChina。Therefore,themainmethodstoachievetransformationofgrowthmodedependonsystemimprovementandhumancapitaltraining。
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