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China facing economic crisis as population peak nears, PBOC adviser says

Summary:
[unable to retrieve full-text content]China’s population is set to peak in just four years’ time and the milestone will be marked by a significant downturn in consumer demand, an adviser to the central bank has warned.“When the total population enters negative growth [after 2025], there will be a shortage of demand,” Cai Fang, a member of the monetary policy committee of the People’s Bank of China (PBOC), was quoted as saying in a report by Shanghai Securities News on Friday.“We need to pay attention to the impact of demographics…

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[unable to retrieve full-text content]
China’s population is set to peak in just four years’ time and the milestone will be marked by a significant downturn in consumer demand, an adviser to the central bank has warned.“When the total population enters negative growth [after 2025], there will be a shortage of demand,” Cai Fang, a member of the monetary policy committee of the People’s Bank of China (PBOC), was quoted as saying in a report by Shanghai Securities News on Friday.“We need to pay attention to the impact of demographics…

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