Cross-posted from: https://feddit.de/post/7871758
Looking ahead, Kristalina Georgieva, managing director of the IMF, identified demographic changes and a “loss of confidence” as long-term challenges for China. The country’s aging population and declining birth rate pose significant obstacles to future economic growth. Moreover, there is a need to restore confidence among the Chinese people to stimulate domestic consumption and reduce excessive saving.
@jmcs
This is true for more or less all international and national agencies (World Bank, OECD, CIA, all EU agencies, …). Their reports are extremely good and accurate, but the problem is that politics doesn’t appear to be listening.