Aging Population and Independent Innovation

Back in the Hutong
Installing another Security Update
1738 hrs.

AP is reporting that PRC’s rapidly aging population is going to end China’s role as a source of low cost labor “within the next few decades.”

Which, of course, is part of why China’s leaders are pushing the economy to evolve beyond being the hands and feet of the global economy. China started reforming and opening as one of the youngest countries in the world: by the time we all start to retire, it will be one of the oldest.

The good news for China is that it has a little time, and that it will have the opportunity to watch Western Europe, Japan, and the United States deal with the same problem first. The difference for China: somehow I don’t think immigration will solve the problem.


About David Wolf

An adviser to corporations and organizations on strategy, communications, and public affairs, David Wolf has been working and living in Beijing since 1995, and now divides his time between China and California. He also serves as a policy and industry analyst focused on innovative and creative industries, a futurist, and an amateur historian.
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