China Is Growing Old Before It Gets Rich: Economist

March 19, 2024

Though China’s policymakers have portrayed economic growth prospects as sunny, a Chinese demographer warns that the country is unlikely to escape the middle-income trap.

China must institute sweeping reforms to overcome the gap between its economy and that of the United States, all while battling a rapidly aging labor force, stagnating manufacturing sector, plummeting fertility rate, and local government crises, University of Wisconsin-Madison senior scientist Yi Fuxian warns.…

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