China’s rapidly aging population, shrinking labor force, and ongoing economic slowdown are likely to prevent it from crossing the high-income threshold soon, according to experts including @UWMadison’s @fuxianyi. The country faces a government debt crisis and is forecasted to have a growth rate slowing to 3% by 2028, with lower growth than the US from 2031-35. This demographic challenge threatens President Xi Jinping's 'great rejuvenation' goals. Predictions of an 8% annual growth rate between 2024 and 2035 are deemed highly improbable. China is unlikely to escape the 'middle-income trap'.
What do shrinking populations mean for the world’s big economies? The bill from pensions and hospitals will pile on fiscal pressure. Sapped of workers and ideas, economic growth could collapse while public debt balloons https://t.co/KPC35o92J0 👇
EUROPE: The Financial Times reports that the European Union's 'long-predicted demographic inversion appears to be coming sooner than many experts predicted', with the working-age population 'already contracting'.
The EU's working-age (20-64) share of the population peaked at 61.4% in 2008 and has now dropped to 58%. Europe is the only continent with falling working-age populations. https://t.co/EqyvuCSBgc https://t.co/kqjH2G0y8Y
The predictions of some Chinese economists that China will achieve an annual growth rate of 8% between 2024 and 2035 are as improbable as an 80-year-old winning a marathon, writes @UWMadison’s @fuxianyi. https://t.co/eaVN43XgQL
‼️ The EU is still geoeconomically on par with America and China. But the EU has never been a geopolitical actor and is now facing 15-20 years structural and systemic decline. Why and what to do? 1️⃣ demographics, aging population & huge share of GDP for social welfare 2️⃣… https://t.co/CWYM28ua9Z
The EU is still geoeconomically on par with America and China. But the EU has never been a geopolitical actor and is now facing 15-20 years structural and systemic decline. Why and what to do? 1️⃣ demographics, aging population & huge share of GDP for social welfare 2️⃣…
Europe’s working-age population is shrinking. The logical solution would be to encourage traditional values and nuclear families. But… European leaders are promoting more degeneracy. Go figure. https://t.co/VQHnCU1Enx
The EU’s population is shrinking faster than expected, putting a strain on government finances and the bloc’s long-term prospects. Here's why https://t.co/UVOzroJqql https://t.co/rw70jLM64d
EUROPE’s declining birth rate and ageing population is posing an increasing challenge: https://t.co/5JjHpN5oE1
.@fuxianyi argues that China's rapidly shrinking workforce and government debt crisis mean the country is unlikely to escape the "middle-income trap." He forecasts the PRC's growth rate slowing to 3% by 2028 and lower growth than the US from 2031-35. https://t.co/OU1vgHwyqE https://t.co/D7bz04hX1o
🗣️ "Makes both China's economic and military goals impossible to achieve." China's "dire demographic outlook" threatens to nip President Xi Jinping's "great rejuvenation" in the bud. Here's what the experts have to say... 🔗 - https://t.co/qyp2tX0z6E https://t.co/bZ5ii6UsG7
China’s rapidly aging population, shrinking labor force, and ongoing economic slowdown will likely prevent it from crossing the high-income threshold any time soon, argues @UWMadison’s @fuxianyi. https://t.co/eaVN43XgQL