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China's ageing population threatens switch to new economic growth model
Credit: IndiaTimes- Published on January 18, 2024
Large groups of the 1.4 billion people living in the world's second-largest economy will exit the labour pool and age past a prime period of their lives for consumption, exacerbating structural imbalances that policymakers have vowed to address. Household consumption's share of economic output in China is already one of the...
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