Fen Yi: Economist Cheng Siwei said that the labor productivity gap between China and developed countries is very large. Regarding the labor productivity in the top ten agricultural producing countries such as the United States, France, and Japan, the value added per person per year is ranging from 3 to 5 million dollars; meanwhile, China’s labor productivity only creates $300-$500 per person per year. [In comparison to the] top ten industrial countries’ labor productivity, China is probably 1/5 of Germany and 1/8 of the United States. We all know that China has the world’s largest GDP, but we do not feel a strong nation due to low productivity and corruption.

 

Published on April 3rd, 2014 at 12:00 by Sina Weibo