China's declining population, worker shortage will cause global economic crisis

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China's declining population, worker shortage will cause global economic crisis
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China's shrinking population is a grim omen for the rest of the world

— enough to house the population of France or California — were waiting for young families.

A shrinking workforce wouldn't just hurt China's economy — it would have spillover effects for the US and Europe. China's manufacturing sector, for example, would likely struggle to maintain its recent growth streak. So in the coming decades, China's economy would not lift global growth rates as it has in the past. Productivity growth in the country could also stagnate.

that in the second half of the century, one-third of the US population — more than 100 million people — will be migrants and their US-born children.40% of the 500 largest US companies

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