ABSTRACT
Passing necessary turning points of economic development such as the Lewis turning point is not bound to conclude in healthy and sustainable economic growth, yet it does mean that the traditional growth is coming to an end. To maintain long-term sustainable growth, not only should potential of traditional economic growth be exploited through reform and new increased sources like human capital, total factor productivity etc. be dug out, but a more balanced growth model should be developed. The latter emphasizes promoting the transition to economic growth mode, i.e., to raise the economic growth on the basis of providing the most equal opportunities for labor force participation, promoting the integration of urban and rural economic and social development and enhancing the coordination between industries. Meanwhile, such balanced development is consistent with shared development to narrow the regional gap, improve income distribution and achieve equal access to basic public services.
