Changing demographics at heart of China decline

“The Party has a chance to redeem itself," says Crosby founder Timothy Beardson, but urgent institutional reforms are needed now if the Chinese economy is to avoid a downward spiral.

Changing demographics at heart of China decline
Today 100 million Chinese are over the age of 65. By 2030 that number will have tripled.

Timothy Beardson, founder and director of Crosby, a Hong Kong-based independent investment bank, warns a lack of urgency in tackling institutional reforms by the new Chinese leadership could send the country into a downward spiral.

“No country with a steep, consistently declining population has maintained a sharply rising rate of economic growth,” he said at a luncheon yesterday in Hong Kong.

The country faces a number of demographic challenges that will complicate efforts to address other problems, such...

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