Legal News

Workforce Decline Affects China’s Growth Engine
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

For the second year in a row, the sheer population of working age participants in the Chinese labor force has decreased. According to Bloomberg, President Xi Jinping has ambitions which are increasingly difficult to achieve as the percentage of the population which is working age continues to decline. The retirement age is also on the rise in China however; so hope is illusive but remains.

To ease the problems of worker shortages in the future and the now, the one child policy has been eased. New ways to maximize growth will also be considered. Lombard Street economist Freya Beamish in Hong Kong notes, “The decline of the labor force just makes everything more difficult in terms of generating growth. You have less people to take part in production and that reinforces the need to be more productive. It makes more urgent the need for China to find ways to shift capital to areas of the economy that can boost productivity.”

  
What
Where


The slow of the growth engine is a huge economic event- and one that puts emerging market investors into a cold sweat; but it needs to be placed such that proper comparisons can be made. The missed expectation of growth has slowed from 7.8 percent to 7.7 percent. This is compared with Eurozone or U.S. economic growth which, if found to be at even 2 percent, would be a miracle of the highest order.

image: www.39yst.com

Get JD Journal in Your Mail

Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!






 

RELEVANT JOBS

Associate Attorney

USA-PA-Exton

ASSOCIATE ATTORNEY McKenna Snyder LLC, a law firm in Exton, PA has an immediate opening for an ex...

Apply now

Attorney

USA-MI-Sturgis

Qualifications: HaasCaywood is seeking associate attorneys for our Coldwater and Sturgis, Michiga...

Apply now

Attorney

USA-MI-Coldwater

Qualifications: HaasCaywood is seeking associate attorneys for our Coldwater and Sturgis, Michiga...

Apply now

Deputy General Counsel / Senior Deputy General Counsel

USA-CA-Sacramento

Cal Cities Culture and Mission Cal Cities is dedicated to creating a collaborative and inclusive ...

Apply now

BCG FEATURED JOB

Locations:

Keyword:



Search Now

Education Law Attorney

USA-CA-El Segundo

El Segundo office of a BCG Attorney Search Top Ranked Law Firm seeks an education law attorney with ...

Apply Now

Education Law Attorney

USA-CA-Carlsbad

Carlsbad office of a BCG Attorney Search Top Ranked Law Firm seeks an education law attorney with 4-...

Apply Now

Education Law and Public Entity Attorney

USA-CA-El Segundo

El Segundo office of a BCG Attorney Search Top Ranked Law Firm seeks an education law and public ent...

Apply Now

Most Popular

SEARCH IN ARCHIVE

To Top