China’s doom loop: a dramatically smaller (and older) population could create a devastating global slowdown ...Middle East

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China’s doom loop: a dramatically smaller (and older) population could create a devastating global slowdown
There are two trends that underline such a demographic shift. First is the ageing population with the percentage of those aged 60 and older currently above 20% of the total population. Second, birth rates have dropped significantly, from 17.86 million births in 2016 to 9.02 million in 2023. HT Image Several interrelated economic consequences of such shifts could emerge which ultimately can affect China’s economic wellbeing in the mid-to-long term and resonate globally. Discover the thrill of cricket like never before, exclusively on HT. Explore now! More than one-quarter of China’s population will be over 60 by 2040 and so less economically active (retirement age for men is 60 and

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