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Soon numbers of Chinese people will exit the work force, and the Chinese work force, which has already begun to shrink, will shrink in a vastly accelerated way. And so China's going to face huge retirement costs and Social Security costs, health care costs, related to this immense aging of the population.

Howard W. French

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Howard W. French
Age: 67
Born: 1957
Born: October 14
Journalist
Photographer
Washington
District of Columbia
Social
Soon
Immense
Care
Health
Retirement
Going
Already
Costs
Work
Huge
Aging
Accelerated
People
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Related
Vastly
Security
Chinese
Shrink
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China
Begun

More quotes by Howard W. French

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China will have the biggest aging crisis that the world has ever seen over the next generation, and this happens at a time when Chinese ambitions, geopolitically speaking, are expanding.
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Emphasis in China is done aggressively. Sometimes, this is done rudely, but most of the time it's just done routinely. It's just a normal thing in the course of your encounters with Chinese people in every walk of life.
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We're seeing China push very hard in its immediate neighborhood, particularly in the maritime zone surrounding China, to kind of create a security zone for itself, trying to lock in the territorial and maritime gains that it can now, before a period of much more difficult choices arises some time in the 2020s.
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Since the first Gulf War in 1991, the Chinese have been increasing their military budget roughly by 11 percent a year on average. There's no way that China will be able to sustain that sort of military expenditure. And then the most important reason is because of its population changes.
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China has its own Baby Boom generation. And China's baby boom generation, because of the size of China itself, is the world's largest baby boom generation.
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When you arrive in China nowadays, one of the first things you note is the emphasis placed on you, a non-Chinese person, being an outsider.
Howard W. French