This 2007 yearbook examines recent developments in the Chinese demographic transition and its implications, especially for the labor market. After many years of low population growth, China has reached the beginning stage of the Lewis Turning Point - the shift from a labor surplus economy to one of labor shortages - in the typical dualist model of rural and urban labor supply. This has brought pressures for increasing wages for the unskilled labor and has important implications for national development strategy and related policies. This yearbook is a collection of important articles by demographers and economists from CASS and other top research and policy institutes in China. Several of the articles in this volume are based on major labor and population surveys carried out in recent years.