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Except they will be doing this at a much lower economic situation than Japan. Japan still got to being a first world country, but then busted. China won’t get
by zpeti 3y ago
Except they will be doing this at a much lower economic situation than Japan.
Japan still got to being a first world country, but then busted. China won’t get there.
- throwaway2037 3y agoWhy was this downvoted? There is plenty of truth here.
- The_Colonel 3y agoJapanese demographics were also much more stable (even if low in general). China will have a much more dramatic demographic shift. The fertility rate was ~6 in 1970, ~2.8 in 1980 ... 1.09 in 2022. These strong generations will continue retiring, but there will be few young workers to replace them.
- bohadi 3y agoDon't know where you're from or your experience but you maybe want to update your priors on the meaning term first world, which peaked in usage roughly 1948... https://books.google.com/ngrams/graph?content=first+world&year_start=1800&year_end=2019&corpus=en-2019&smoothing=3 https://books.google.com/ngrams/graph?content=first+world&ye... The mean and median living some places might surprise you. For example visit HongKong, Singapore, Taipei, Tokyo, or a mainland city this millenium. Or dont'! First world, it mostly conjures automobile culture and car infrastructure which is nothing special these days but check the world's largest car makers... you would guess Germany Japan or even the USA recently no?