Posted 11/10/2023, 1:20:49 PM
China's ageing population not an economic drag, argues economist Justin Lin Yifu
- China's ageing population not a demographic time bomb that will drag economy into lost decade, says economist Justin Lin Yifu
- Lin argues ageing population has not impeded China's economic growth based on data analysis
- Says China's GDP growth averaged 8.43% from 2001-2022 despite crossing ageing threshold in 2001
- Lin contends China will enjoy economic advantage from better educated population versus parents
- China's elderly becoming important economic force with spending power, says Lin