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The specific thing that will collapse is the economy. When people retire there is a sudden shift from investment to liquidation. That's a driving factor for p
by dnautics 6y ago
The specific thing that will collapse is the economy.
When people retire there is a sudden shift from investment to liquidation. That's a driving factor for popping asset bubbles, and china is currently one huge asset bubble.
Like it or not (i personally dont), we are also living in a world where the central planners rely on consumption-driven economics, and there just isn't a chinese consumer market anymore due to demographics.
- refenestrator 6y agoThe multi-child family people are already retired, though, and long-retired at that. Them dying out means a shrinking population but also lower pension costs with no lost labor. The working population has been steady-state at 1-child for 40 years followed by 2-child for the last few years. I suppose there could be some demand loss due to fewer people demanding things, but.. there's a lot of room for additional demand in China. Plenty of people where running water is a last-20-years nice new thing.