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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.
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.