英譯漢：

　　First, China, as it moves to the technological frontier, can no longer benefit from the advantages of backwardness, as it did in the last 30 years. Second, the demographic dividend of China—a young population with concomitant low labor cost—is also diminishing, as China’s demographic profile is turning. Within this decade, some say as early as 2016, more people will leave than enter the workforce. Needless to say, this will have huge implications for wages and increase labor cost. Fewer people will have to work more efficiently: Productivity will be the new source for economic growth. And productivity and its twin, innovation, are intrinsically linked to urban agglomerations.

　　首先，隨著中國逐步走向技術(shù)前沿，已不再能夠像過去三十年那樣從落后的優(yōu)勢中受益。其次，中國的人口紅利——年輕人口與低勞動力成本并存——也在減少，因為中國的人口結(jié)構(gòu)正在轉(zhuǎn)變。在這個十年內(nèi)，有些人認為最早在2016年，更多人將脫離而不是加入勞動力隊伍。毋庸置疑，這將會對工資水平產(chǎn)生巨大影響，并將增加勞動力成本。勞動力減少后，人們就必須要提高工作效率：生產(chǎn)率將成為新的經(jīng)濟增長源。生產(chǎn)率及其孿生姊妹——創(chuàng)新與城鎮(zhèn)集群密不可分。

　　Finally, China is also constrained by one overarching consideration: Climate change and the need for mitigation. Adaptation to global warming will limit its choices for growth. Earlier on, developed countries of today were ignorant of the dangers of climate change and built their progress on, what we by now know, unsustainable strategies. There is a limit to economic growth based on the exploitation of natural resources. Learning from this experience, beforebecoming rich, China has to shift to a new strategy to make sure that its development is sustainable for China, as well as for the rest of the world.

　　最后，中國也受到了一個首要考慮的制約：氣候變化及緩解其影響的必要性。適應全球變暖趨勢將限制其對增長方式的選擇。早年間，發(fā)達國家忽視了氣候變化的威脅，將其發(fā)展寄托在現(xiàn)在我們知道是不可持續(xù)的戰(zhàn)略之上。