China's Biggest Problem Is Population

When you have lots of lots of young people, you can unramp them into economically productive activities like manufacturing. The problem in those folks accumulate middle class income and wealth is that they age out of those kinds of jobs. And what we seek are services and service level jobs. So when you start to look at two per cent, which in america, you'd say two per cent's great. We would like high fiving each other for two %. A as not a sustainable level of growth for what's happening inside that country. It doesn't make sense. That's china's enormously big problem.