John Heck’s Post

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.

This is what happens when you let government functionaries play god. ----- "A United Nations forecast published Thursday shows how quickly China is aging, a demographic crunch that the U.N. predicts will cut China’s population by more than half by the end of the century. The real demographic impact in China won’t fully hit until the middle of the century, when many of those born during the one-child policy will reach retirement—while still caring for aging parents, said Wang. By 2050, the U.N. now projects 31% of Chinese will be 65 or older. By 2100, the share will be 46%, approaching half of the population. In the U.S., the share is expected to be 23% and 28%, respectively. Beijing as well as demographers and sociologists have said a highly educated population and the advancement of technology such as artificial intelligence, could help China weather such shocks, as more jobs will be automated." You can read this for free. ------------- https://lnkd.in/gUXYt98Q

🇨🇳 The ageing population and declining workforce in China carry substantial global economic ramifications. With over 300 million individuals exiting the workforce within the next decade, a notable decrease in labour supply is anticipated, potentially leading to reduced productivity and economic growth, not confined solely to China but resonating globally. Moreover, the strain on China's social security system, exacerbated by an increasing elderly populace lacking sufficient pensions or care, could reverberate throughout the global economy. As the Chinese government grapples with funding pensions and healthcare for its elderly, potential resource redirection or tax increases may impact businesses within China and those dependent on its market. The rise of the 'silver-haired economy' presents dual challenges and opportunities for global businesses. While catering to older consumers' needs offers new market avenues, businesses must navigate complexities in adapting products and services to suit shifting demographic demands. This demographic crisis in China underscores the necessity for comprehensive, sustainable solutions to address ageing populations worldwide. International collaboration and knowledge sharing are crucial to formulating effective policies, ensuring dignified lives for all elderly individuals. China's ageing population presents significant economic hurdles, necessitating concerted efforts from governments, businesses, and stakeholders to devise solutions supporting ageing populations and mitigating adverse impacts on global economic stability. #AgeingPopulation #SocialSecurity #ElderCare #China

Learn about China's population changes and economic challenges in 2024. Find out how the government and young people are dealing with the issues. Get the real scoop on the 'China Dream'. #China

You might have seen this on the #news recently and wondering why this is happening... Which are the consequences for #China and the #global #economy? This video explains it nicely. "For the first time in six decades, China’s population is shrinking, and it’s predicted it could create a demographic crisis. That’s because China isn’t just shrinking, it’s also aging. And the majority of Chinese couples are not considering having more than one child. Because of this, China is predicted to lose nearly 50 percent of its population by 2100. China’s population decline can be traced back to the restrictive family-planning policies launched in the 1970s and an impressive economic boom fueled by China’s huge labor force. China’s modernization brought rapid #urbanization, rising #income levels, and better education to large parts of China. Combined, these policies and growth have given China one of the lowest birth rates in the world. Today, China is trying to reverse its population decline. Not just because an aging population is hard to sustain economically, but because China’s impressive economic #growth, until now, has relied on its people. As China’s population challenges deepen over time, it might have to rethink how to grow its economy and care for its citizens".

first of all, I despise the BBC, but there's a really important lesson here for anyone doing business with China. Short-term thinking is not a rare thing. it's a deep, Coulthard embedded system into most things China. China one-child policy was a quick fix with serious consequences. much like a factory sacrificing quality for speed. knowingly pack subpar goods in the box, or giving a client a hard time just to make a buck. The thing we should always remember is , short term gains are considered a win, regardless of the consequences. Now, think about the following if they were willing to sacrifice the future of 300 million elderly citizens, and subsequently the future of the rest 1.4 billion citizens, do you really think they care about the quality, lead time, price or terms , your business needs ? https://lnkd.in/g-V98BYR

There are many negative consequences of China’s accelerated population decline. But while China’s demographic crisis looks like that of other neighboring countries, it is coming at a lower level of economic development, and the problems it poses are exacerbated by some of the unique characteristics of China’s political system.