The problem is that the manufacturing sector does little to create jobs, largely because relatively high productivity growth in the sector – averaging more than 10% annually over the last two decades – constrains demand for more workers. By contrast, China’s services sector has registered only about 5% annual productivity growth, and thus is a much more effective engine of job creation.
问题是，制造业在创造就业机会方面贡献甚小，主要是因为该行业生产率增长较快——过去二十年间年均10％以上——因而限制更多的劳动力需求。相比之下，中国服务业的年生产率增长只有大约5％，也是创造就业机会的更有效引擎。