1Cai Fang, prominent Chinese economist and former Vice-President of the Chinese Academy of Social Sciences, best known for popularizing the 'Lewis turning point' thesis in China
Labour economist who argued from the mid-2000s that China's supply of cheap rural workers was running out and its 人口红利, the demographic dividend, was ending. A frequent voice on population and pension policy.
Cai Fang is an authority on China's population and labor economics.
Tips
usage
A phrase you will meet in his work is 未富先老, 'old before rich', for a population that ages before incomes have caught up. He has even lectured on how rural China can avoid a 未富先老 trap.
usage
The character 昉 is rare - it means 'daybreak' or 'beginning.' Easy to misread as 防 or 放.