Archive for November 17th, 2008
How does the demographics change the world economy? Is China ready for the aging society? According to UBS' Magnus, the median age of China will be 47 in year 2040, that's 2 years older than the US.
China's one-child policy is pushing China onto aging society faster. China needs to establish its social security system sooner and at one point, the one-child policy also has to be abolished.
Listen to this interesting interview (source: Bloomberg)