The parallels are striking. China has their own "Boomer" problem.
Chinese population is falling, while their debt has hit 300% of their GDP. Much of this tied up into real estate....sound familiar?
Economic growth has slowed to the lowest in 27 years. Despite their attempts to keep their value of their currency artificially low, lot of the manufacturing is actually moving out of China to cheaper places like Vietnam, Malaysia, India, Kenya, etc. Hmm, sound familiar?
Meanwhile, their population growth rate has really suffered due to the poor handling of the two-child policy. Not to mention that retirement in age in China is 60, with many actually retiring at age 55!!! And now, with China's involvement in Africa, you have stuff like this on the rise
[–] the_illusive_man 0 points 1 point 1 point (+1|-0) ago
The parallels are striking. China has their own "Boomer" problem.
Chinese population is falling, while their debt has hit 300% of their GDP. Much of this tied up into real estate....sound familiar?
Economic growth has slowed to the lowest in 27 years. Despite their attempts to keep their value of their currency artificially low, lot of the manufacturing is actually moving out of China to cheaper places like Vietnam, Malaysia, India, Kenya, etc. Hmm, sound familiar?
Meanwhile, their population growth rate has really suffered due to the poor handling of the two-child policy. Not to mention that retirement in age in China is 60, with many actually retiring at age 55!!! And now, with China's involvement in Africa, you have stuff like this on the rise