China's Shrinking Workforce Signals End to Era of Breakneck Growth
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China's population is aging rapidly and its fertility rate has dropped below the U.S. since the 1990s. This signals an end to China's decades of double-digit GDP growth.
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By 2031-35, China will lag behind the U.S. in every demographic metric, and its GDP growth rate will likely fall below America's.
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Japan and Italy's economies faltered once their working-age populations started declining, demonstrating the economic perils of demographic decline.
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The U.S. has demographic advantages over China and Europe, with a relatively high fertility rate and growing prime working-age population.
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Both China and the U.S. face challenges addressing demographic issues like declining health and social strife that could undermine their economies.