China needs more education, higher wages to advance, Lawrence Lau says

Source: China – South China Morning PostLawrence J. Lau is a Hong Kong economist specialising in economic development and East Asian economies. He was an economics professor at Stanford University in the United States before becoming vice-chancellor and president of the Chinese University of Hong Kong until 2010. Lau has held the Ralph and Claire Landau Professor of Economics chair at the university since 2007.
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