China’s ageing population has long been considered the economy’s number one long-term headwind.
The ‘One Child Policy’ implemented in the 1970s and abolished in 2016 was credited with preventing some 400 million births between 1979 to 2010.
The policy initially created a demographic structure that was ideal for economic growth, since China had a large number of workers supporting a few number of dependents (both young and old).
