China's ageing population threatens switch to new economic growth model
Large groups of 1.4 billion people living in China will exit labour pool and age past a prime period of their lives for consumption, exacerbating structural imbalances that policymakers have vowed to address. Household consumption's share of economic output is one of the lowest in the world, while many provincial governments - responsible for pensions and elderly care - are in debt as result of decades of credit-fuelled investment-driven growth.
DNA News Desk
0
2
Large groups of 1.4 billion people living in China will exit labour pool and age past a prime period of their lives for consumption, exacerbating structural imbalances that policymakers have vowed to address. Household consumption's share of economic output is one of the lowest in the world, while many provincial governments - responsible for pensions and elderly care - are in debt as result of decades of credit-fuelled investment-driven growth. 
