The Great Fall of China and the rise of Africa

CHINA’s one-child policy, instituted in 1978, slowed population growth to 0.47% last year, with the country’s total population now standing at 1.376-billion. The demographics have had a limited effect on the economy, which has slowed from a growth rate of about 10% per annum a few years ago to 7% today. The latter is a rate that most nations would die for, but for the Chinese it has been a bit of a disappointment. One reason the economy is doing relatively well is that people of 65 and over represent 9.4% of the population, much lower than America’s 14.5%. But this is about to change. Look at projections of China’s demographics to 2030 and an extraordinary thing happens…..more

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