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What China will become in less than two decades
China recently announced plans to loosen its infamous one-child policy. As the country grows richer and the pace of population growth slows, the country has a new demographic concern: underpopulation. Specifically, it has reason to be worried about getting old before it gets rich, and a high dependency ratio (lots of old, retired people being supported by a workforce that isn't big enough). To visualize China's challenge, Bloomberg economist Michael McDonough an editor of Bloomberg Briefs created this chart comparing Japan's demographics now to China's in 2030. The distribution of population by age looks very ... (full story)
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