China will get old before it gets rich

China set to fall behind in the economic race

Shannon Buckley 

Many are predicting that China’s economy is set to take over the world.  According to the IMF China will overtake America as the world’s largest economy in 2017.  However, before we start looking to China as the next world superpower, the country’s dire demographic outlook needs to be taken account of.  It will almost certainly hold the country back.  Yet, despite this, unnatural government restrictions on childbirth persist.

This month The Economist published on its website a very interesting discussion between its China and Globalisation editors, who warn that “China will get old before it gets rich”.  

http://www.mercatornet.com/demography/view/10614