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

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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