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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
People
Numbers
Related
Vastly
Security
Chinese
Shrink
Face
Population
Exit
Force
China
Begun
Social
Soon
Immense
Care
Health
Retirement
Going
Already
Costs
Work
Huge
Aging
Accelerated

More quotes by Howard W. French

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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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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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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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