王志浩表示，中国有可能找到了掩饰其购买美国国债的新途径，也有可能在购入没有显示在月度数据中的风险较高的美国资产。

Mr Green said it was possible China had found a new way to disguise its purchases of US government debt - or could be buying riskier US assets that don't show up in monthly data.

youdao

当然，王志浩不愿意宣布中国廉价劳动力时代已告终结。

To be sure, Green is reluctant to declare the end of cheap labor in China.

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王志浩在一份研究报告中说，在过去几年，中国劳动人口的新增数量一直在下降。

In a research note, Green says the number of entrants to China's workforce has been falling for the past few years.

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