With China’s productivity still well below that of developed countries, and allocational efficiency likely to improve in the next ten years as labor and capital are redistributed across the country, 3% TFP growth is feasible. Aided by structural reforms, China’s economy could expand even faster, achieving 7-8% annual growth over the next ten years.
维持6%的GDP年增长和相同的投资比率要求年TFP增长达到2.2—2.7%即可。中国的生产率仍显著低于发达国家；而随着劳动力和资本在全国的重新分配，未来十年配置效率改进可期，因此，3%的TFP增长率是可行的。在结构性改革的助力下，未来十年中国经济可以扩张得更快，达到7—8%的年增长。无论如何，趋同都会保持快速。