Economist Podcasts Old China hands: ageing in the Middle Kingdom
Dec 20, 2019
Simon Rabinovich, an Asia economics editor in Shanghai, shares insights on China's aging population crisis and the implications for its economy, highlighting the risk of aging before becoming affluent. Joanna Lillis discusses Uzbekistan's evolving political landscape ahead of pivotal elections, marking a shift toward reform despite lingering authoritarianism. Philip Coggan humorously critiques corporate communication through a satirical memo, revealing the absurdities of management speak and the realities of workplace dynamics.
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China's Economic Challenges
- China's economy faces challenges like cronyism, debt, and trade wars.
- However, its biggest challenge is its rapidly aging population.
Aging Population in China
- A Chinese New Year skit highlighted the aging population by portraying an old man visiting his wife in a nursing home.
- This served as a message about the country's aging demographic.
China's Aging Speed
- China's median age will soon surpass America's, despite having much lower median income.
- This rapid aging poses significant challenges for the country's future.