Fewer workers, more retirees: ratio of working-age people to total population for Indonesia, India, Japan, China, Australia, and Korea, projected to 2030. Graphic: Citi Research

By Quoctrung Bui
15 November 2013

(NPR) – China's decision to (further) relax its infamous one-child policy is, as much as anything, an economic decision.

China put the one-child policy in place decades ago, when the country feared a destabilizing population boom. It benefited in the short run — the country slowed its population growth and got a boost to growth since it didn't have as many children to support. Today, China faces a different problem: a precipitous decline in the ratio of working-age people to total population.

This is bad news for the economy as a whole — working-age people are the engine of any economy — and it's especially worrisome for a generation of elderly who don't have big families to support them. [more]

China's Going To Get Old Before It Gets Rich



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