Demographic Timebomb: How Will China's Ageing Population Impact Asia? | Money Mind | China Economy
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- Опубліковано 1 чер 2021
- Getting to grips with an ageing population and lower fertility in China - does the world's second biggest economy need a new growth model?
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Having kids is a terrible investment in strict economic terms. It is however an excellent investment in terms of personal growth, family support and society contribution. If people cannot look past the money matters, there will be fewer children and a decrease in population is inevitable.
Growing two kids means that you'll have to pay a "mortgage" of about half a million USD to grow them up to graduation. It's a massive investment, imho.
Less births mean less consumers for the global economy. Even though AI and automation can pick up manufacturing from a smaller labor force. AI can't replicate spending and consumption. That is the biggest issue.
This is deep and i 100% appreciate your thought.
@@worldview2888 Thanks man. If you're interested in the age of A.I and how it'll affect our lives I suggest reading Life 3.0 by Deckle Edge.
Its less spending sure but if AI taking jobs then where is the money coming from? It sounds paradoxical. Honestly the only logical step would be to draw down the population. Im glad its with less births if it has to come to that.
@@krawl04 Hi, I'm referring to AI and automation taking over jobs that no longer have enough workers to fill all positions. What you're referring to is more towards universal income. Which is very real and possible but as of now not implemented by any major economies.
With peoples becoming more rich,spending per capita will cover it imo.
There will be a competition to attract talented young workers between countries
Couple interviewed stated "it was not a money issue, but then states it is a capital issue". Typical double speak.
Some of the comments made in this documentary made me cringe. Being a responsible parent is taxing but one should never consider children as investment or calculate financial returns. Love should be selfless and parental love is one of highest forms of love.
When I heard that, it made me cringe too and they laughed about it.
@@maeudaou7347 weird when you consider this problem to be a “China” problem
It's a calculation they *HAVE* to make in that grotequely distorted economic culture; they can't simply ignore the issue. Plus... it's china; they do things differently there!
Sorry to break it to you but humans aren’t these idealistic love machines that always follow the beat of their heart. They respond to their environment like everything else and take necessary precautions in order to survive. A child is a big personal investment, one where you must consider the potential cost and gain to determine if it would be worth it.
These parents have to burden themselves with the cost of raising these children. The average wage hasn't increased in tandem with productivity and costs have skyrocketed. We are not in the 60s anymore.
In the 60's, when I was a young boy the term Demographic Explosion referred to an INCREASE in world population that will cause discomfort and suffering in future.
Now "Demographic Timebomb" refers to a DECREASE in population that will cause discomfort or, even, suffering in the future.
Live and learn !
This is very good news for the whole world
If you willing to pay more on general goods, then yes.
@@coyoteleague5280 not necessarily as there are many places in the world with large young population and a low income
@@coyoteleague5280 we will be fine with less chinese people.
The world economies are banking on the world spending to keep their economy afloat but they are not very good at reading the room. The people of the world are turning away from mass consumerism & embracing minimalism. Unless your economic base is a producer of food, lots of countries are going to struggle.
The idea that people will turn away from consumerism, towards minimalism sounds attractive, but I doubt it.
A move away from consumerism and towards simplicity has always had proponents.
Buddha & Jesus preached it, and some followed.
The monastic movement of the Dark Ages & Middle Ages.
The move towards simplicity in the 17th & 18th centuries by the Amish, Mennonites, Quakers, and Shakers.
Remember the song, "Tis a gift to be simple"?
ua-cam.com/video/co47FjVGZhQ/v-deo.html&ab_channel=CedarmontKids
And, lastly, the Hippie movement of the 60's was about leaving materialism, and being more simple.
It has been tried over and over.
But, the mass of humanity rejects simplicity, and opts for luxury.
Stop at 1, stop at 2, these policies had failed as evidenced. Surprisingly and shockingly, the population planners did not have the foresight to look afar in blocks of 50 to a 100 years. Similarly economic and education policies had dangerously dehumanizing effects and need urgent adjustments and reset, to restore sanity in the world.
Over 366M+ abortion from 1978-2015 one child policy, now they allowed 3 child policy 😃
Those 366 million young people could had made china truly superpower
@@sumeersamarat706 Or like Africa.
@@AvadaKedavra943 nope Africas entire population is lesser than India's and reason they aren't fast developing isnt because of population but because of courrption
They have 50% world's areable land , 40% of all worlds resources
@@AvadaKedavra943 imagine how much more 300 million youth could have made a devastating impact
@@sumeersamarat706 imagine the multiplication effect resulting to the death from starvation and famine? and the medical needs for those people?
china was already packed in 90s
the reason china became world's factory is not (only) because of numbers but the hard work of the people
The target is the rich people, actually in rural area, many families have two or more children
So does that mean asset management firms like Black Rock & Vanguard will now encourage more investment in China--BUT mainly with their projected booming funeral industry?
5G AIOT application will be massive in China which is a great opportunity for TSMC, the world largest chip maker
For centuries, China's rulers have treated the Chinese people as disposable commodities.
This is due to the fact that China has always been overpopulated. That is, it had more people
than it needed to do the work needed to be done.
In the Middle Ages, Europe was overpopulated, which led to serfdom and slavery, and the loss of human rights.
Then came the Bubonic plague, 50% of people died. Europe was then UNDER-populated.
Human rights became recognized. Autocracy diminished.
Will the population bomb make China UNDER-populated??
Will the common citizen become more valued by the government??
Businesses are already valuing the common Chinese citizen more,
since wages are rising.
However, Xi and the CCP seem to be stuck in the deep past of Imperial rule style,
Middle Kingdom attitudes, and the idea that China is supreme.
So, I expect Xi & gang to treat the Chinese as disposable, not recognizing or respecting their dignity and value.
This, too, will be a factor in their fall.
there is not enough space, also the price to buy a house is ridiculous
300 sq feet dam..thats too small, even for 1 person
don't know about Asia
but would definitely affect India and USA
😂😂
how??
Not really Us can just switch to other country that has high population
ASEAN or India
India should be happy, as most companoes will rush to India instead of China
@@verden2323 did you check the fertility rate decline in those nations too?
Technology is the key to address China aging population
Bye bye china
It is not a good investment ,haha
As of May 11, 2021, China still has 1.41178 billion population, the largest population in the world, and larger than combined U.S. and Europe population. In the last ten years, China average population annual growth rate is at 0.53 percent. EU population is negative since 2013. In 2020 the U.S. has a decline of 4 percent in new born babies. General fertility rate was the lowest rate on record.
There are two main points you are missing.
1. Eu and us can make up the birthrate deficit with immigration. On the other side no sane person would immigrate into China
2. Everybody knows that the Chinese census data are bullshit. I mean for almost 40y a 1 child policy and than say the have a fertility rate of 1.6 looooooool
@Chairman Xi JinPooh really?majority are in 40,50 and 60s age?
Wise up 성이름! Global birth rate is declining apart from Africa, and Korea & Japan are seeing lowest birth rates this year too.
For the Chinese government, it's a delicate social balancing act between city dwellers and rural families as the latter already have two or more children.
Demographic Timebomb, I don't think so. Although this development obviously needs attention, I don't think
the problem will be too bad. You cannot look at this from a perspective of the past. China is more and more
leading in the fields of AI and automation. That will replace lots of hard, dirty and dangerous tasks. You cannot
dig roads or pour concrete at age 70 but you can certainly sit in a comfortable chair at a computer console and
monitor those task done by robots, way into your mid to late 70s if you want. So older people will be able to
stay active and productive much ;longer.
That will give the Chinese society time to adjust from the one-child policy of past years. What do you think?
I'd be interested to hear your comments.
The robots will not eat, will not spend, will not be consumers. If the population continue to decline, in the long run there will be too few a people to support the economy. The problem is that people will not just magically produce more children, the world's fertility rate is declining and shows no signs of recovering. We are many right now but not so 500 years in the future if the trend continues.
@Daniel Taylor Japan is not a valid comparison. It was already an affluent, highly developed nation when the recession struck. In China on the other hand 850 million people have just barely come out of extreme poverty in the last 3 decades. They still can go a long, long way to even greater prosperity. Here is the success
formula : even if the population declines by 10% but productivity and incomes go up by 20 % during that time
period you still have massive growth.
@@axelschroeder6657 You can solve the production problem, but what about the consumption? And if there are less consumers, there won't be a need for more production, ultimately the economy will shrink
If anyone is wondering WHY such videos are made - because you will watch this for NO reason. You will really watch this for absolutely no reason. Such videos about "population questions" will ALWAYS get views and ad revenue. It is one of the most clickbait content that you will contribute to without questioning. This is the same with "Japan's declining population" on UA-cam, you WILL watch that video for no reason. In any case, population decline only happens about 300 years from now, or 200 at the earliest possible scenario. Continents like Middle east is swarming excessively. Notice articles don't ever mention about that?