Lewis Turning Point and the Inflation in China
实证分析认为，中国通过刘易斯转折点后劳动力成本上升并不必然推高物价，近年通胀主因是流动性过剩和原材料价格上涨，并讨论了经济结构转型等对策。
Lewis turning point is the very time point in an economy that labor supply turns from surplus to shortage in a country's industrialization process.Some economists argued that inflation throughout the country is inevitable due to the rise of labor cost caused by China's passing through Lewis turning point.By an empirical analysis, this paper draws a conclusion to that the rising of real income of labor doesn't necessarily push up the price level.So is China's condition.The inflation through out China recent years is the result of some combined factors,the excess liquidity and the rising of raw material prices in dominant.Furthermore,the paper discusses some resolutions to the condition such as the transformation of economic structure,the broadening of financial channels and the industrial structure adjustment.