- Mandatory retirement ages in China are among the world’s lowest, and experts say Beijing’s plans to revise the 70-year-old rules cannot come soon enough
- Demographic crisis is poised to result in a long-term decline in China’s rapidly ageing workforce, with the state pension fund at risk of drying up
- China’s working-age population, aged 16-64, is forecast to plunge by more than 60 per cent over the next eight decades, according to a report released by the United Nations in July.
- However, over the last decade, the average age of migrant workers in China has increased steadily, as fewer young people enter the workforce and older workers with no pension protection are forced to continue working.
- Of course, such willingness will only come if future parents are optimistic about the economic prospects both for them and their children. And that, unlike everything else in China, can not be faked which is why China is about to slip into the demographic spiral of doom. [ZERO HEDGE]
Facing Demographic Doom, China’s Army Of Retirees Returns To Work In Post “Zero-Covid” Economic Wasteland (SCMP) $ (Also Zero Hedge)
Similar Posts:
- Why China’s Marriage Crisis Is An Existential Threat To The Country (Epoch Times via Zero Hedge)
- China On Verge Of Violent Debt Jubilee As “Disgruntled” Homebuyers Refuse To Pay Their Mortgages (Zero Hedge)
- All the Emperor’s Men: How Xi Jinping Became China’s Unrivalled Leader — and How he Plans to Expand His Power Base (Financial Times)
- Economic and Finance Shake-up on China’s Central Committee Heralds New Era in Face of Global Uncertainty (SCMP)
- Trade War Drains China’s Social Security System (Nikkei Asian Review)
- Are Macau’s Casino Gamblers Reloading for the October Holidays? (MBD)
- The Great Chinese Exodus (WSJ)
- China is No Longer Just Any Emerging Market — It Has Become Its Own Beast (CNBC)
- China Still Leads the BRICs in the Global Competitiveness Report
- China’s Renminbi is Rapidly Displacing the US Dollar as a Trading Currency (FT)
- Five Myths About China. And Why They Will Get Us Killed (American Mind)
- EM Push & Pull: As China Rises, Competition for Capital Heats Up (Aviva Investors)
- Beijing’s Regulatory Crackdown Is Unlikely to End Any Time Soon (CIGI)
- YPO CEO Survey: Asia CEO Confidence at 2-year Low (YPO)
- China’s Tech Revolution: Unprecedented Scale, Mixed Results (NinetyOne)
