Richard Koo of Nomura trying to answer the question of why structural reforms are needed now in China, a good starting point is the fact that China has recently passed what economists call the Lewis turning point.
Also see China GDP to Dip Below 7 Percent Amid Pain Of Liberalization: SocGen
![Richard Koo: China Has Passed Lewis Turning Point Richard Koo: China Has Passed Lewis Turning Point](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%200%200'%3E%3C/svg%3E)
Richard Koo: Lewis turning point
The Lewis turning point refers to the point in time when, as part of the...
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