The Sustainability and Transition of Economic Growth in China: From a Perspective of Factor Structure

After more than 20 years high speed growth, the sustainable growth of Chinese economy faces serious limitation of resources and factors now and in the future. In order to maintain the economic growth, China has to trans-form the way of economic growth. Based on the analysis on the related theories of economic growth and the structural transformation in factors of production, this paper proposes that the transformation of the economic growth way has to impel the optimization and the promotion of the utilization structure of factors of production. Finally, based on the analysis of the necessity to change the pattern of economic growth, this paper proposes the strategic measures to promote the continuous economic growth and the transformation of patterns of economic growth.