BSI’s Post

The opportunity is for optimization not for real growth: China has already lowered its share of the world working age population from a peak of 24 per cent to 19 per cent, and it is expected to fall to 10 per cent over the next 35 years.

🌍 Beijing is facing some tough challenges due to the prolonged economic slowdown, and it's important to acknowledge the implications this has on demographics and society. Let's take a closer look at the possible future scenarios and the impact they may have: 1️⃣ A declining working-age population: The economic slump is expected to result in a shrinking labor force, exacerbating the demographic shift towards an aging society. This could potentially impact workforce productivity and economic growth, urging policymakers to explore innovative strategies to attract and retain skilled workers. 2️⃣ Strain on social welfare systems: An aging population often places increased pressure on social welfare programs, such as healthcare and pension schemes. As the number of retirees grows while the workforce decreases, sustaining these programs becomes a formidable challenge. Developing efficient and sustainable solutions will be crucial to mitigate the potential strain on resources. 3️⃣ Consumer spending patterns: A prolonged economic downturn can influence consumer behavior, leading to changes in spending patterns. With many individuals fearing a gloomy economic outlook, the tendency to save rather than spend could rise, which may have implications for businesses and economic growth. 4️⃣ Technological advancements and job displacement: To counterbalance the negative impact of a diminutive working-age population, Beijing might embrace technological advancements to increase productivity and competitiveness. However, such advancements can also result in job displacement, threatening social stability. It will be vital for the government to address this issue by reskilling and upskilling programs to equip workers for emerging industries. Whilst the implications of a prolonged economic slowdown on demographic challenges are certainly concerning, Beijing does have a window of opportunity to navigate these obstacles with thoughtful strategies and initiatives. Collaboration between the government, private sectors, and communities will prove instrumental in shaping a prosperous future. By finding innovative solutions, investing in education and technology, and addressing the needs of an aging population, Beijing can pave the way for sustainable growth and societal well-being. 💪✨ #Beijing #Demographics #Economics #FutureChallenges #SustainableGrowth #Collaboration

This article by Wei Yao from Societe Generale is a great read and worth diving into. In summary, Wei examines the impact of China's ageing population, the shrinking workforce, and the economic challenges this will pose. She explores how the country can mitigate the effects of its demographic time bomb through policy changes and technological investments. A few solutions include improving healthcare and retirement benefits, increasing labour force participation among women and the elderly, and leveraging automation and technology to boost productivity. While China's government has taken steps to address the issue, broader reforms may be necessary to fully counteract the effects of an ageing population. Overall, this article suggests that although the challenge is significant, China can avoid the worst effects of its demographic shift. #china #technology #healthcare

Amid a bleak outlook and intense competition in China’s job market, many jobseekers have been turned down, not because of ability or performance, but after #physicalexams exposed #chronicconditions – such as HT, polycystic kidney disease and high blood pressure. Check my latest story based on numerous posts across social media platforms and court documents obtained South China Morning Post SCMP #Chinajobs #jobdiscrimination #publicservants #civilservants https://lnkd.in/gQxUs_ee

10 years of “no measures” for population decline: “Politics are to blame” Former Minister of Internal Affairs and Communications Masuda The former Minister of Internal Affairs and Communications, Hiroya Masuda, harshly criticized the government for its lack of action in response to the population decline issue in Japan. He emphasized the need to reconsider the country's approach to regional revitalization, citing regional polarization and the need for more comprehensive efforts to address the outflow of young people from rural areas. The government's efforts to create jobs in rural areas have not been sufficient, and the expansion of regular employment has been lacking, particularly for women and the elderly. This has resulted in concerns about further regional divisions and the exacerbation of population decline in certain areas. #AsiaOperations #PoliticsandElections #Japan Follow us for daily updates on risk and operations in Asia! https://lnkd.in/guhzQsNN

The country’s population has peaked sooner than anticipated, which will lead to a small base of working-age citizens supporting an increasingly large elderly population. This will likely weigh on China's economic growth, which is already beginning to slow.

The country’s population has peaked sooner than anticipated, which will lead to a small base of working-age citizens supporting an increasingly large elderly population. This will likely weigh on China's economic growth, which is already beginning to slow.

The country’s population has peaked sooner than anticipated, which will lead to a small base of working-age citizens supporting an increasingly large elderly population. This will likely weigh on China's economic growth, which is already beginning to slow.

The country’s population has peaked sooner than anticipated, which will lead to a small base of working-age citizens supporting an increasingly large elderly population. This will likely weigh on China's economic growth, which is already beginning to slow.