Demography is destiny: China will grow old before it gets rich

LONDON—In March, China’s 15th Five-Year Plan named two population problems: “population aging and the decline in births.”¹ Both problems are already reshaping the Chinese household. By 2036, 29% of households will have a child at home and 18% will be headed by someone over 65. Twenty years earlier, nearly half had a child at home
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