IEMS Faculty Associate, Stuart Gietel-Basten writes that the relaxing of China's two child policy won't solve demographic problems. China is one of the most rapidly ageing countries in the world. It’s also seeing a steady decline in its working age population which, in turn, is linked to wage inflation. The reality is that relaxing birth control policies – or scrapping them altogether – is not going to be a magic solution to China’s demographic problems. A multi-dimensional approach to population policy which tackles the institutions associated with ageing, such as pensions and social care, is a first step.
Read the full article on HK Free Press here: https://www.hongkongfp.com/2018/09/09/china-looks-relax-two-child-policy-wont-solve-demographic-problems/ and The Conversation here: https://theconversation.com/china-looks-to-relax-two-child-policy-but-it-wont-solve-demographic-problems-102518
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