1/4
It's probably not surprising that a deputy director of the China Family Planning Association would argue that China's declining population is a major economic problem for the country, and requires well-funded countermeasures.
reuters.com
It's probably not surprising that a deputy director of the China Family Planning Association would argue that China's declining population is a major economic problem for the country, and requires well-funded countermeasures.
reuters.com
2/4
But I'd argue that while China's declining population may be a long-term geopolitical problem, it isn't really a major economic problem as long as it occurs slowly and is countered by a rebalancing of income to the household sector, which is a far more important problem.
But I'd argue that while China's declining population may be a long-term geopolitical problem, it isn't really a major economic problem as long as it occurs slowly and is countered by a rebalancing of income to the household sector, which is a far more important problem.
3/4
The irony is that if China is indeed able to engineer a sharp rise in the country's birth rate, this will actually worsen the economic problem over the next few decades, as the ratio of non-working population to working population rises even faster.
The irony is that if China is indeed able to engineer a sharp rise in the country's birth rate, this will actually worsen the economic problem over the next few decades, as the ratio of non-working population to working population rises even faster.
4/4
When I moved to China 20 years ago I remember that many of its problems were blamed on its too-large population. For the next few years they will be blamed on its declining population. What matters a lot more however is the evolution of its economic growth model.
When I moved to China 20 years ago I remember that many of its problems were blamed on its too-large population. For the next few years they will be blamed on its declining population. What matters a lot more however is the evolution of its economic growth model.
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