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Unread 09-04-2011, 06:44 PM   #1
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Default China may grow old before it gets rich...two problems it is facing

China may grow old before it grows rich | Isabel Hilton | Comment is free |

China might have a trillion dollar surplus and commanding huge trade surpluses...but it has two very serious social problems that will handicap its growth over the next few decades. Within 1-2 generations it will suffer a fate far worse than what's happening right now in America with our aging baby boomers.

At least in America we kept a 50/50 gender ratio. China is going to have problems as its skewed ratio means tens of millions of single men who will have no children to support them when they retire.

That just means China will no longer be the world's factory for iPhones and iPad''ll be too expensive as they run out of cheap labor.

Ironically, poorer nations that lack access to ultrasound and gender testing will be better poised to reap the benefits of having more female children. As they can maintain steady population growth and more natural gender balance.

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