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author: huang rentian, deputy secretary-general of the 50-member independent economists forum, and deputy director of the international research institute of china symbiosis think tank. in 2011, he published "fuguo yangmou" by china economic press, proposing a relatively comprehensive economics framework. since 2012, he has been the only one in the academic community to publicly criticize justin yifu lin’s new structural economics for misleading the relocation of china’s labor-intensive industries.

lin yifu, former chief economist of the world bank and director of the institute of new structural economics at peking university, is considered by some to be an "authority" in the chinese economics community. the one-sided comparative advantage theory of mainstream western neoclassical economics he promotes in china mainly includes two policy recommendations:first, in the low-income stage, the country cannot develop capital-intensive industries against its comparative advantages and can only develop labor-intensive industries; second, after the country's income level increases, it must abandon labor-intensive industries in order to achieve transformation and upgrading to capital-intensive industries.

yifu lin, who graduated from the university of chicago, said in his 2012 book "new structural economics" that follows the mainstream western neoclassical economics paradigm: "new structural economics emphasizes that the industrial upgrading process of developing countries must be in line with the latter reflects the accumulation of physical capital and human capital and changes in the factor endowment structure. only in this way can enterprises in the new industry be viable." (lin yifu, 2012: 24)