Richard Jackson of the Centre for Strategic International Studies gave a stark warning: population ageing will wreck the economy of any nation that fails to
prepare for it.
prepare for it.
In response to questions, Mr Jackson said that the 30-year demographics are accurate and certain. (If we doubled fertility rates tomorrow, it would be twenty years before the effect on the economy would be felt.) China’s demographics have a huge destabiliser built in: the unusually high ratio of boys to girls (1.17 overall, but 1.5 for second children) resulting from the population control policy. This will create a “daughter-in-law shortage” and hence a shortage of the traditional carers for the elderly.
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