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Article: China's demographic destiny and its economic implications: population changes will impact China's long-term economic growth and global competitiveness.
- Article from:
- Business Economics
- Article date:
- October 1, 2005
- Author:
CopyrightCOPYRIGHT 2005 The National Association for Business Economists. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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China appears to be at the edge of an historic demographic transition, setting the country on a path to grow old before it becomes prosperous. This paper presents a detailed picture of the current population dynamic and analyzes the implications for economic prospects. The results indicate that China is not yet at the stage of development where population changes matter a great deal for economic growth. But when that time comes, perhaps in a decade or so, demographic changes will have a profound influence not only on economic growth but on China's global competitiveness.
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Population dynamics in general and aging in particular have become ...