Is China's Economy On The Verge Of Collapse?
Can The US Still Call Itself A Wealthy Nation? - http://testu.be/1sNPbhs Subscribe! http://bitly.com/1iLOHml With the second largest economy in the world, China is now encountering bumps...
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China is the world’s most populous country, and its economy is second only to the United States’. But despite these indicators of a prosperous future, China has several looming problems ahead: a stagnate economy, a shrinking workforce, and a growing elderly population. So is the “Sleeping Giant” on the verge of a dangerous economic collapse? What’s at stake for China? Since the 1970s, China has instituted a “one-child” only policy. This was to help cope with poverty problems caused by overpopulation. However, a side effect is that today there are fewer young people to take care of a massive aging generation. In Shanghai, one expert believes that in five years, a third of the city’s residents will be over the age of 59. With a smaller working age...
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China is the world’s most populous country, and its economy is second only to the United States’. But despite these indicators of a prosperous future, China has several looming problems ahead: a stagnate economy, a shrinking workforce, and a growing elderly population. So is the “Sleeping Giant” on the verge of a dangerous economic collapse? What’s at stake for China? Since the 1970s, China has instituted a “one-child” only policy. This was to help cope with poverty problems caused by overpopulation. However, a side effect is that today there are fewer young people to take care of a massive aging generation. In Shanghai, one expert believes that in five years, a third of the city’s residents will be over the age of 59. With a smaller working age...
