The World Bank has warned that China’s working age population will fall more than 10% by 2040, despite a recent relaxation of its one child policy, raising the spectre of China “getting old before getting rich”. From The Financial Times:
The number of potential workers in China, a cohort defined as people between the ages of 15 and 64, fell in 2012 for the first time in decades — a tipping point that has profound consequences for everything from the cost of labour to government and corporate pension burdens.
