• A panel of Chinese and American scholars discuss the China’s economy in a long-term perspective. China aims be labelled a ‘rich’ country by 2049 and reach 45% of US GDP per capita (currently 27%). GDP growth is predicted to drop to 3% by then.
• China’s population is ageing rapidly and by 2049, a quarter of the population will be over 65. This ageing working force is compounded by a falling birth rate. The government plans to raise the retirement age and improve education and training of the elderly people to keep them productive.
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