Monday, January 18, 2016

China's Economic Meltdown

The China Bubble Pops (Robert Samuelson) from Real Clear Politics
"... China faces two problems, says Scissors, that dampen economic growth: high debts and an aging and stagnant population. The older population will shrink the size of the labor force; fewer workers will crimp the economy's output. (Between 2015 and 2040, China's working-age population 15-to-64 will fall by about 14 percent, projects the U.S. Census Bureau. That's nearly 140 million people.)  Meanwhile, debt -- for households, businesses and government -- soared by $20 trillion in the past eight years, says Scissors."

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