China has just recorded its first population decline in 60 years. With the birthrate expected to fall further over the next decade, the consequences for Beijing's economic ambitions could be huge.
China has just recorded its first population decline in 60 years. With the birthrate expected to fall further over the next decade, the consequences for Beijing's economic ambitions could be huge.
On the face of it, Chinese property developers' debts appear big enough to crash the national economy. But several factors could limit the real estate downturn and the threat of global financial contagion.