As China s political economy faces yet another challenge, it is time for the developing countries of the global South to reflect on the governance model that China offers and seeks to promote
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China is scheduled to release its latest census later this month.
Beijing:
The demographics of the world’s most populous country are set to change as China will experience negative growth after 2025, resulting in a decrease in consumer demand, a well-known Chinese economist has warned.
China’s population peaks in just four years’ time and the milestone will be marked by a significant decline in consumer demand, said Cai Feng, a member of the monetary policy committee of the central bank People’s Bank of China.
“When the total population enters negative growth (after 2025), demand will decrease,” Mr Cai was told by the Hong Kong-based South China Morning Post on Sunday.