Part of progress: Like China, other wealthy countries have wrestled with population decline. — AFP
CHINA’S slowest population growth in decades may be felt more acutely beyond its borders than within them. The economy will keep humming and incomes can continue to climb, albeit at a slower rate. The rest of us, however, will need to adjust to a persistently slacker pace of global expansion and the prospective ebbing of deflationary pressure.
The caricature of China as an unlimited supplier of cheap labour holding down the cost of everything from dishwashers to dolls should be consigned to the history books.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Part of progress: Like China, other wealthy countries have wrestled with population decline. — AFP
Global trend: Beijing has already taken steps to reverse the one-child policy to boost the country’s birth rate. — AFP
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
