Monday, October 4, 2010

Paper Dragon?

"China's teetering on the verge of its own lost decade, and a meltdown in Beijing would make Japan's economic malaise look like child's play," writes Ethan Divine — The Japan Syndrome. "Japan's famously dismal demographics didn't help, but China's aren't much better," reports the author:
    Beijing's one-child policy, introduced in 1979, has worked its way up the population pyramid such that China's supply of rural workers ages 20 to 29 will halve by 2030. Worse yet, China is much larger than Japan -- which means that the global consequences of a crash would be far greater.

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Omnes Sancti et Sanctæ Coreæ, orate pro nobis.