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by tjpnz 1043 days ago
One thing didn't cause the other but it needs to be considered when looking longterm. Its effect will have an impact on the economy for many decades.
1 comments

Of course, demography is destiny, but the point is the sudden worsening of China's economic outlook did not coincide with tightening of the one-child policy, quite the opposite. The challenge for China is that it got old before it got rich like the European nations or Japan, and this transition will be much harder to navigate.
The bigger challenge is that the demigraphic shift is much more dramatic than either Europe or Japan.

The fertility rate was 6 in 1970, it dropped to a half within a decade and then kept dropping rapidly.