Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 73
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 73
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Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 74
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 74
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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    <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67fa95c6e95c2-trace').style.display = (document.getElementById('cakeErr67fa95c6e95c2-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr67fa95c6e95c2-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67fa95c6e95c2-code').style.display = (document.getElementById('cakeErr67fa95c6e95c2-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr67fa95c6e95c2-context').style.display = (document.getElementById('cakeErr67fa95c6e95c2-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr67fa95c6e95c2-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700">&lt;</span><span style="color: #0000BB">head</span><span style="color: #007700">&gt;
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</span></span></code></pre><pre id="cakeErr67fa95c6e95c2-context" class="cake-context" style="display: none;">$viewFile = &#039;/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp&#039;
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-Hindustan Times&lt;br /&gt;
&lt;br /&gt;
In the 1970s Deng Xiaoping explained that China&amp;rsquo;s one-child policy was being introduced to ensure &amp;ldquo;the fruits of economic growth are not devoured by population growth&amp;rdquo;.&lt;br /&gt;
&lt;br /&gt;
Last week, Chinese leader Xi Jinping&amp;rsquo;s rationale for officially abandoning the policy was the reverse: To ensure economic growth is not wrecked by population decrease. But it is probably too late to change China&amp;rsquo;s demographic future.&lt;br /&gt;
&lt;br /&gt;
China&amp;rsquo;s population has begun to age &amp;mdash; and age rapidly. The working-age population between 15 and 59 has fallen 3.7 million since 2013 and the drop is accelerating. Just as telling, the old-age dependency ratio is rising. The number of elderly relatives supported by a young Chinese has doubled since 1980.&lt;br /&gt;
&lt;br /&gt;
Why does this matter economically? At the heart of Mr Xi&amp;rsquo;s economic reforms is a shift from investment-based to consumption-driven growth. But the more elders a young Chinese has to support, the less likely she is to splurge on the good things in life.&lt;br /&gt;
&lt;br /&gt;
While Mr Xi wants to move away from being the world&amp;rsquo;s manufacturing hub, he wants a soft landing. A rapidly shrinking workforce means skyrocketing wages and factories moving out faster than Beijing wants. China&amp;rsquo;s problem is that its people are already too wealthy for the change in policy to make a difference. As incomes rise, couples invest more in fewer children. Inevitably, fertility rates fall below replacement levels. China is already an upper middle-income country, largely urbanised, and its couples driven to spend heavily on their children&amp;rsquo;s education, health and other comforts of life. One or two kids is about all they can afford.&lt;br /&gt;
&lt;br /&gt;
It is often forgotten that Beijing relaxed the one-child policy back in 2013. If a couple included one member who was a single child, they could apply for a second child. Barely one million couples bothered &amp;mdash; 13% of those eligible.&lt;br /&gt;
&lt;br /&gt;
Japan is the demographic parallel for China. The question is whether China will face Japan&amp;rsquo;s economic fate. Old-age economies can still grow, but must pour money in education, technology and health to extract more wealth creation from fewer people. Japan has been trying that, but with minimal success.&lt;br /&gt;
&lt;br /&gt;
In India&amp;rsquo;s case, it has a large and youthful population, but has underinvested in it and strangled its businesses for decades. It remains unclear if it will be able to cash in on its demographic dividend or find itself with a population liability of millions of underemployed.&lt;br /&gt;
&lt;br /&gt;
Demographer Yi Fuxian warned recently: &amp;ldquo;China is turning grey on an unprecedented scale in human history, and the government, even the whole of Chinese society, isn&amp;rsquo;t prepared for it.&amp;rdquo; The title of his once-banned book says it all: A Big Country with an Empty Nest.
&lt;/div&gt;&#039;,
		&#039;credit_writer&#039; =&gt; &#039;Hindustan Times, 1 November, 2015, http://www.hindustantimes.com/editorials/china-s-reversal-of-one-child-policy-will-have-economic-implications/story-bvihSNfEQa109Yqszr7bOM.html&#039;,
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-Hindustan Times

In the 1970s Deng Xiaoping explained that China&amp;rsquo;s one-child policy was being introduced to ensure &amp;ldquo;the fruits of economic growth are not devoured by population growth&amp;rdquo;.

Last week, Chinese leader Xi Jinping&amp;rsquo;s rationale for officially abandoning the policy was the...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;-Hindustan Times&lt;br /&gt;&lt;br /&gt;In the 1970s Deng Xiaoping explained that China&amp;rsquo;s one-child policy was being introduced to ensure &amp;ldquo;the fruits of economic growth are not devoured by population growth&amp;rdquo;.&lt;br /&gt;&lt;br /&gt;Last week, Chinese leader Xi Jinping&amp;rsquo;s rationale for officially abandoning the policy was the reverse: To ensure economic growth is not wrecked by population decrease. But it is probably too late to change China&amp;rsquo;s demographic future.&lt;br /&gt;&lt;br /&gt;China&amp;rsquo;s population has begun to age &amp;mdash; and age rapidly. The working-age population between 15 and 59 has fallen 3.7 million since 2013 and the drop is accelerating. Just as telling, the old-age dependency ratio is rising. The number of elderly relatives supported by a young Chinese has doubled since 1980.&lt;br /&gt;&lt;br /&gt;Why does this matter economically? At the heart of Mr Xi&amp;rsquo;s economic reforms is a shift from investment-based to consumption-driven growth. But the more elders a young Chinese has to support, the less likely she is to splurge on the good things in life.&lt;br /&gt;&lt;br /&gt;While Mr Xi wants to move away from being the world&amp;rsquo;s manufacturing hub, he wants a soft landing. A rapidly shrinking workforce means skyrocketing wages and factories moving out faster than Beijing wants. China&amp;rsquo;s problem is that its people are already too wealthy for the change in policy to make a difference. As incomes rise, couples invest more in fewer children. Inevitably, fertility rates fall below replacement levels. China is already an upper middle-income country, largely urbanised, and its couples driven to spend heavily on their children&amp;rsquo;s education, health and other comforts of life. One or two kids is about all they can afford.&lt;br /&gt;&lt;br /&gt;It is often forgotten that Beijing relaxed the one-child policy back in 2013. If a couple included one member who was a single child, they could apply for a second child. Barely one million couples bothered &amp;mdash; 13% of those eligible.&lt;br /&gt;&lt;br /&gt;Japan is the demographic parallel for China. The question is whether China will face Japan&amp;rsquo;s economic fate. Old-age economies can still grow, but must pour money in education, technology and health to extract more wealth creation from fewer people. Japan has been trying that, but with minimal success.&lt;br /&gt;&lt;br /&gt;In India&amp;rsquo;s case, it has a large and youthful population, but has underinvested in it and strangled its businesses for decades. It remains unclear if it will be able to cash in on its demographic dividend or find itself with a population liability of millions of underemployed.&lt;br /&gt;&lt;br /&gt;Demographer Yi Fuxian warned recently: &amp;ldquo;China is turning grey on an unprecedented scale in human history, and the government, even the whole of Chinese society, isn&amp;rsquo;t prepared for it.&amp;rdquo; The title of his once-banned book says it all: A Big Country with an Empty Nest.&lt;/div&gt;&#039;,
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&lt;br /&gt;
In the 1970s Deng Xiaoping explained that China&amp;rsquo;s one-child policy was being introduced to ensure &amp;ldquo;the fruits of economic growth are not devoured by population growth&amp;rdquo;.&lt;br /&gt;
&lt;br /&gt;
Last week, Chinese leader Xi Jinping&amp;rsquo;s rationale for officially abandoning the policy was the reverse: To ensure economic growth is not wrecked by population decrease. But it is probably too late to change China&amp;rsquo;s demographic future.&lt;br /&gt;
&lt;br /&gt;
China&amp;rsquo;s population has begun to age &amp;mdash; and age rapidly. The working-age population between 15 and 59 has fallen 3.7 million since 2013 and the drop is accelerating. Just as telling, the old-age dependency ratio is rising. The number of elderly relatives supported by a young Chinese has doubled since 1980.&lt;br /&gt;
&lt;br /&gt;
Why does this matter economically? At the heart of Mr Xi&amp;rsquo;s economic reforms is a shift from investment-based to consumption-driven growth. But the more elders a young Chinese has to support, the less likely she is to splurge on the good things in life.&lt;br /&gt;
&lt;br /&gt;
While Mr Xi wants to move away from being the world&amp;rsquo;s manufacturing hub, he wants a soft landing. A rapidly shrinking workforce means skyrocketing wages and factories moving out faster than Beijing wants. China&amp;rsquo;s problem is that its people are already too wealthy for the change in policy to make a difference. As incomes rise, couples invest more in fewer children. Inevitably, fertility rates fall below replacement levels. China is already an upper middle-income country, largely urbanised, and its couples driven to spend heavily on their children&amp;rsquo;s education, health and other comforts of life. One or two kids is about all they can afford.&lt;br /&gt;
&lt;br /&gt;
It is often forgotten that Beijing relaxed the one-child policy back in 2013. If a couple included one member who was a single child, they could apply for a second child. Barely one million couples bothered &amp;mdash; 13% of those eligible.&lt;br /&gt;
&lt;br /&gt;
Japan is the demographic parallel for China. The question is whether China will face Japan&amp;rsquo;s economic fate. Old-age economies can still grow, but must pour money in education, technology and health to extract more wealth creation from fewer people. Japan has been trying that, but with minimal success.&lt;br /&gt;
&lt;br /&gt;
In India&amp;rsquo;s case, it has a large and youthful population, but has underinvested in it and strangled its businesses for decades. It remains unclear if it will be able to cash in on its demographic dividend or find itself with a population liability of millions of underemployed.&lt;br /&gt;
&lt;br /&gt;
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&lt;/div&gt;&#039;,
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-Hindustan Times

In the 1970s Deng Xiaoping explained that China&amp;rsquo;s one-child policy was being introduced to ensure &amp;ldquo;the fruits of economic growth are not devoured by population growth&amp;rdquo;.

Last week, Chinese leader Xi Jinping&amp;rsquo;s rationale for officially abandoning the policy was the...&#039;
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-Hindustan Times

In the 1970s Deng Xiaoping explained that China&rsquo;s one-child policy was being introduced to ensure &ldquo;the fruits of economic growth are not devoured by population growth&rdquo;.

Last week, Chinese leader Xi Jinping&rsquo;s rationale for officially abandoning the policy was the..."/>
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                <strong>China’s reversal of one-child policy will have economic implications</strong></h1>
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                <div align="justify">-Hindustan Times<br /><br />In the 1970s Deng Xiaoping explained that China&rsquo;s one-child policy was being introduced to ensure &ldquo;the fruits of economic growth are not devoured by population growth&rdquo;.<br /><br />Last week, Chinese leader Xi Jinping&rsquo;s rationale for officially abandoning the policy was the reverse: To ensure economic growth is not wrecked by population decrease. But it is probably too late to change China&rsquo;s demographic future.<br /><br />China&rsquo;s population has begun to age &mdash; and age rapidly. The working-age population between 15 and 59 has fallen 3.7 million since 2013 and the drop is accelerating. Just as telling, the old-age dependency ratio is rising. The number of elderly relatives supported by a young Chinese has doubled since 1980.<br /><br />Why does this matter economically? At the heart of Mr Xi&rsquo;s economic reforms is a shift from investment-based to consumption-driven growth. But the more elders a young Chinese has to support, the less likely she is to splurge on the good things in life.<br /><br />While Mr Xi wants to move away from being the world&rsquo;s manufacturing hub, he wants a soft landing. A rapidly shrinking workforce means skyrocketing wages and factories moving out faster than Beijing wants. China&rsquo;s problem is that its people are already too wealthy for the change in policy to make a difference. As incomes rise, couples invest more in fewer children. Inevitably, fertility rates fall below replacement levels. China is already an upper middle-income country, largely urbanised, and its couples driven to spend heavily on their children&rsquo;s education, health and other comforts of life. One or two kids is about all they can afford.<br /><br />It is often forgotten that Beijing relaxed the one-child policy back in 2013. If a couple included one member who was a single child, they could apply for a second child. Barely one million couples bothered &mdash; 13% of those eligible.<br /><br />Japan is the demographic parallel for China. The question is whether China will face Japan&rsquo;s economic fate. Old-age economies can still grow, but must pour money in education, technology and health to extract more wealth creation from fewer people. Japan has been trying that, but with minimal success.<br /><br />In India&rsquo;s case, it has a large and youthful population, but has underinvested in it and strangled its businesses for decades. It remains unclear if it will be able to cash in on its demographic dividend or find itself with a population liability of millions of underemployed.<br /><br />Demographer Yi Fuxian warned recently: &ldquo;China is turning grey on an unprecedented scale in human history, and the government, even the whole of Chinese society, isn&rsquo;t prepared for it.&rdquo; The title of his once-banned book says it all: A Big Country with an Empty Nest.</div>               </font>
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-Hindustan Times&lt;br /&gt;
&lt;br /&gt;
In the 1970s Deng Xiaoping explained that China&amp;rsquo;s one-child policy was being introduced to ensure &amp;ldquo;the fruits of economic growth are not devoured by population growth&amp;rdquo;.&lt;br /&gt;
&lt;br /&gt;
Last week, Chinese leader Xi Jinping&amp;rsquo;s rationale for officially abandoning the policy was the reverse: To ensure economic growth is not wrecked by population decrease. But it is probably too late to change China&amp;rsquo;s demographic future.&lt;br /&gt;
&lt;br /&gt;
China&amp;rsquo;s population has begun to age &amp;mdash; and age rapidly. The working-age population between 15 and 59 has fallen 3.7 million since 2013 and the drop is accelerating. Just as telling, the old-age dependency ratio is rising. The number of elderly relatives supported by a young Chinese has doubled since 1980.&lt;br /&gt;
&lt;br /&gt;
Why does this matter economically? At the heart of Mr Xi&amp;rsquo;s economic reforms is a shift from investment-based to consumption-driven growth. But the more elders a young Chinese has to support, the less likely she is to splurge on the good things in life.&lt;br /&gt;
&lt;br /&gt;
While Mr Xi wants to move away from being the world&amp;rsquo;s manufacturing hub, he wants a soft landing. A rapidly shrinking workforce means skyrocketing wages and factories moving out faster than Beijing wants. China&amp;rsquo;s problem is that its people are already too wealthy for the change in policy to make a difference. As incomes rise, couples invest more in fewer children. Inevitably, fertility rates fall below replacement levels. China is already an upper middle-income country, largely urbanised, and its couples driven to spend heavily on their children&amp;rsquo;s education, health and other comforts of life. One or two kids is about all they can afford.&lt;br /&gt;
&lt;br /&gt;
It is often forgotten that Beijing relaxed the one-child policy back in 2013. If a couple included one member who was a single child, they could apply for a second child. Barely one million couples bothered &amp;mdash; 13% of those eligible.&lt;br /&gt;
&lt;br /&gt;
Japan is the demographic parallel for China. The question is whether China will face Japan&amp;rsquo;s economic fate. Old-age economies can still grow, but must pour money in education, technology and health to extract more wealth creation from fewer people. Japan has been trying that, but with minimal success.&lt;br /&gt;
&lt;br /&gt;
In India&amp;rsquo;s case, it has a large and youthful population, but has underinvested in it and strangled its businesses for decades. It remains unclear if it will be able to cash in on its demographic dividend or find itself with a population liability of millions of underemployed.&lt;br /&gt;
&lt;br /&gt;
Demographer Yi Fuxian warned recently: &amp;ldquo;China is turning grey on an unprecedented scale in human history, and the government, even the whole of Chinese society, isn&amp;rsquo;t prepared for it.&amp;rdquo; The title of his once-banned book says it all: A Big Country with an Empty Nest.
&lt;/div&gt;&#039;,
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-Hindustan Times

In the 1970s Deng Xiaoping explained that China&amp;rsquo;s one-child policy was being introduced to ensure &amp;ldquo;the fruits of economic growth are not devoured by population growth&amp;rdquo;.

Last week, Chinese leader Xi Jinping&amp;rsquo;s rationale for officially abandoning the policy was the...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;-Hindustan Times&lt;br /&gt;&lt;br /&gt;In the 1970s Deng Xiaoping explained that China&amp;rsquo;s one-child policy was being introduced to ensure &amp;ldquo;the fruits of economic growth are not devoured by population growth&amp;rdquo;.&lt;br /&gt;&lt;br /&gt;Last week, Chinese leader Xi Jinping&amp;rsquo;s rationale for officially abandoning the policy was the reverse: To ensure economic growth is not wrecked by population decrease. But it is probably too late to change China&amp;rsquo;s demographic future.&lt;br /&gt;&lt;br /&gt;China&amp;rsquo;s population has begun to age &amp;mdash; and age rapidly. The working-age population between 15 and 59 has fallen 3.7 million since 2013 and the drop is accelerating. Just as telling, the old-age dependency ratio is rising. The number of elderly relatives supported by a young Chinese has doubled since 1980.&lt;br /&gt;&lt;br /&gt;Why does this matter economically? At the heart of Mr Xi&amp;rsquo;s economic reforms is a shift from investment-based to consumption-driven growth. But the more elders a young Chinese has to support, the less likely she is to splurge on the good things in life.&lt;br /&gt;&lt;br /&gt;While Mr Xi wants to move away from being the world&amp;rsquo;s manufacturing hub, he wants a soft landing. A rapidly shrinking workforce means skyrocketing wages and factories moving out faster than Beijing wants. China&amp;rsquo;s problem is that its people are already too wealthy for the change in policy to make a difference. As incomes rise, couples invest more in fewer children. Inevitably, fertility rates fall below replacement levels. China is already an upper middle-income country, largely urbanised, and its couples driven to spend heavily on their children&amp;rsquo;s education, health and other comforts of life. One or two kids is about all they can afford.&lt;br /&gt;&lt;br /&gt;It is often forgotten that Beijing relaxed the one-child policy back in 2013. If a couple included one member who was a single child, they could apply for a second child. Barely one million couples bothered &amp;mdash; 13% of those eligible.&lt;br /&gt;&lt;br /&gt;Japan is the demographic parallel for China. The question is whether China will face Japan&amp;rsquo;s economic fate. Old-age economies can still grow, but must pour money in education, technology and health to extract more wealth creation from fewer people. Japan has been trying that, but with minimal success.&lt;br /&gt;&lt;br /&gt;In India&amp;rsquo;s case, it has a large and youthful population, but has underinvested in it and strangled its businesses for decades. It remains unclear if it will be able to cash in on its demographic dividend or find itself with a population liability of millions of underemployed.&lt;br /&gt;&lt;br /&gt;Demographer Yi Fuxian warned recently: &amp;ldquo;China is turning grey on an unprecedented scale in human history, and the government, even the whole of Chinese society, isn&amp;rsquo;t prepared for it.&amp;rdquo; The title of his once-banned book says it all: A Big Country with an Empty Nest.&lt;/div&gt;&#039;,
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-Hindustan Times&lt;br /&gt;
&lt;br /&gt;
In the 1970s Deng Xiaoping explained that China&amp;rsquo;s one-child policy was being introduced to ensure &amp;ldquo;the fruits of economic growth are not devoured by population growth&amp;rdquo;.&lt;br /&gt;
&lt;br /&gt;
Last week, Chinese leader Xi Jinping&amp;rsquo;s rationale for officially abandoning the policy was the reverse: To ensure economic growth is not wrecked by population decrease. But it is probably too late to change China&amp;rsquo;s demographic future.&lt;br /&gt;
&lt;br /&gt;
China&amp;rsquo;s population has begun to age &amp;mdash; and age rapidly. The working-age population between 15 and 59 has fallen 3.7 million since 2013 and the drop is accelerating. Just as telling, the old-age dependency ratio is rising. The number of elderly relatives supported by a young Chinese has doubled since 1980.&lt;br /&gt;
&lt;br /&gt;
Why does this matter economically? At the heart of Mr Xi&amp;rsquo;s economic reforms is a shift from investment-based to consumption-driven growth. But the more elders a young Chinese has to support, the less likely she is to splurge on the good things in life.&lt;br /&gt;
&lt;br /&gt;
While Mr Xi wants to move away from being the world&amp;rsquo;s manufacturing hub, he wants a soft landing. A rapidly shrinking workforce means skyrocketing wages and factories moving out faster than Beijing wants. China&amp;rsquo;s problem is that its people are already too wealthy for the change in policy to make a difference. As incomes rise, couples invest more in fewer children. Inevitably, fertility rates fall below replacement levels. China is already an upper middle-income country, largely urbanised, and its couples driven to spend heavily on their children&amp;rsquo;s education, health and other comforts of life. One or two kids is about all they can afford.&lt;br /&gt;
&lt;br /&gt;
It is often forgotten that Beijing relaxed the one-child policy back in 2013. If a couple included one member who was a single child, they could apply for a second child. Barely one million couples bothered &amp;mdash; 13% of those eligible.&lt;br /&gt;
&lt;br /&gt;
Japan is the demographic parallel for China. The question is whether China will face Japan&amp;rsquo;s economic fate. Old-age economies can still grow, but must pour money in education, technology and health to extract more wealth creation from fewer people. Japan has been trying that, but with minimal success.&lt;br /&gt;
&lt;br /&gt;
In India&amp;rsquo;s case, it has a large and youthful population, but has underinvested in it and strangled its businesses for decades. It remains unclear if it will be able to cash in on its demographic dividend or find itself with a population liability of millions of underemployed.&lt;br /&gt;
&lt;br /&gt;
Demographer Yi Fuxian warned recently: &amp;ldquo;China is turning grey on an unprecedented scale in human history, and the government, even the whole of Chinese society, isn&amp;rsquo;t prepared for it.&amp;rdquo; The title of his once-banned book says it all: A Big Country with an Empty Nest.
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In the 1970s Deng Xiaoping explained that China&amp;rsquo;s one-child policy was being introduced to ensure &amp;ldquo;the fruits of economic growth are not devoured by population growth&amp;rdquo;.

Last week, Chinese leader Xi Jinping&amp;rsquo;s rationale for officially abandoning the policy was the...&#039;
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-Hindustan Times

In the 1970s Deng Xiaoping explained that China&rsquo;s one-child policy was being introduced to ensure &ldquo;the fruits of economic growth are not devoured by population growth&rdquo;.

Last week, Chinese leader Xi Jinping&rsquo;s rationale for officially abandoning the policy was the..."/>
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                <strong>China’s reversal of one-child policy will have economic implications</strong></h1>
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                <div align="justify">-Hindustan Times<br /><br />In the 1970s Deng Xiaoping explained that China&rsquo;s one-child policy was being introduced to ensure &ldquo;the fruits of economic growth are not devoured by population growth&rdquo;.<br /><br />Last week, Chinese leader Xi Jinping&rsquo;s rationale for officially abandoning the policy was the reverse: To ensure economic growth is not wrecked by population decrease. But it is probably too late to change China&rsquo;s demographic future.<br /><br />China&rsquo;s population has begun to age &mdash; and age rapidly. The working-age population between 15 and 59 has fallen 3.7 million since 2013 and the drop is accelerating. Just as telling, the old-age dependency ratio is rising. The number of elderly relatives supported by a young Chinese has doubled since 1980.<br /><br />Why does this matter economically? At the heart of Mr Xi&rsquo;s economic reforms is a shift from investment-based to consumption-driven growth. But the more elders a young Chinese has to support, the less likely she is to splurge on the good things in life.<br /><br />While Mr Xi wants to move away from being the world&rsquo;s manufacturing hub, he wants a soft landing. A rapidly shrinking workforce means skyrocketing wages and factories moving out faster than Beijing wants. China&rsquo;s problem is that its people are already too wealthy for the change in policy to make a difference. As incomes rise, couples invest more in fewer children. Inevitably, fertility rates fall below replacement levels. China is already an upper middle-income country, largely urbanised, and its couples driven to spend heavily on their children&rsquo;s education, health and other comforts of life. One or two kids is about all they can afford.<br /><br />It is often forgotten that Beijing relaxed the one-child policy back in 2013. If a couple included one member who was a single child, they could apply for a second child. Barely one million couples bothered &mdash; 13% of those eligible.<br /><br />Japan is the demographic parallel for China. The question is whether China will face Japan&rsquo;s economic fate. Old-age economies can still grow, but must pour money in education, technology and health to extract more wealth creation from fewer people. Japan has been trying that, but with minimal success.<br /><br />In India&rsquo;s case, it has a large and youthful population, but has underinvested in it and strangled its businesses for decades. It remains unclear if it will be able to cash in on its demographic dividend or find itself with a population liability of millions of underemployed.<br /><br />Demographer Yi Fuxian warned recently: &ldquo;China is turning grey on an unprecedented scale in human history, and the government, even the whole of Chinese society, isn&rsquo;t prepared for it.&rdquo; The title of his once-banned book says it all: A Big Country with an Empty Nest.</div>               </font>
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-Hindustan Times&lt;br /&gt;
&lt;br /&gt;
In the 1970s Deng Xiaoping explained that China&amp;rsquo;s one-child policy was being introduced to ensure &amp;ldquo;the fruits of economic growth are not devoured by population growth&amp;rdquo;.&lt;br /&gt;
&lt;br /&gt;
Last week, Chinese leader Xi Jinping&amp;rsquo;s rationale for officially abandoning the policy was the reverse: To ensure economic growth is not wrecked by population decrease. But it is probably too late to change China&amp;rsquo;s demographic future.&lt;br /&gt;
&lt;br /&gt;
China&amp;rsquo;s population has begun to age &amp;mdash; and age rapidly. The working-age population between 15 and 59 has fallen 3.7 million since 2013 and the drop is accelerating. Just as telling, the old-age dependency ratio is rising. The number of elderly relatives supported by a young Chinese has doubled since 1980.&lt;br /&gt;
&lt;br /&gt;
Why does this matter economically? At the heart of Mr Xi&amp;rsquo;s economic reforms is a shift from investment-based to consumption-driven growth. But the more elders a young Chinese has to support, the less likely she is to splurge on the good things in life.&lt;br /&gt;
&lt;br /&gt;
While Mr Xi wants to move away from being the world&amp;rsquo;s manufacturing hub, he wants a soft landing. A rapidly shrinking workforce means skyrocketing wages and factories moving out faster than Beijing wants. China&amp;rsquo;s problem is that its people are already too wealthy for the change in policy to make a difference. As incomes rise, couples invest more in fewer children. Inevitably, fertility rates fall below replacement levels. China is already an upper middle-income country, largely urbanised, and its couples driven to spend heavily on their children&amp;rsquo;s education, health and other comforts of life. One or two kids is about all they can afford.&lt;br /&gt;
&lt;br /&gt;
It is often forgotten that Beijing relaxed the one-child policy back in 2013. If a couple included one member who was a single child, they could apply for a second child. Barely one million couples bothered &amp;mdash; 13% of those eligible.&lt;br /&gt;
&lt;br /&gt;
Japan is the demographic parallel for China. The question is whether China will face Japan&amp;rsquo;s economic fate. Old-age economies can still grow, but must pour money in education, technology and health to extract more wealth creation from fewer people. Japan has been trying that, but with minimal success.&lt;br /&gt;
&lt;br /&gt;
In India&amp;rsquo;s case, it has a large and youthful population, but has underinvested in it and strangled its businesses for decades. It remains unclear if it will be able to cash in on its demographic dividend or find itself with a population liability of millions of underemployed.&lt;br /&gt;
&lt;br /&gt;
Demographer Yi Fuxian warned recently: &amp;ldquo;China is turning grey on an unprecedented scale in human history, and the government, even the whole of Chinese society, isn&amp;rsquo;t prepared for it.&amp;rdquo; The title of his once-banned book says it all: A Big Country with an Empty Nest.
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-Hindustan Times

In the 1970s Deng Xiaoping explained that China&amp;rsquo;s one-child policy was being introduced to ensure &amp;ldquo;the fruits of economic growth are not devoured by population growth&amp;rdquo;.

Last week, Chinese leader Xi Jinping&amp;rsquo;s rationale for officially abandoning the policy was the...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;-Hindustan Times&lt;br /&gt;&lt;br /&gt;In the 1970s Deng Xiaoping explained that China&amp;rsquo;s one-child policy was being introduced to ensure &amp;ldquo;the fruits of economic growth are not devoured by population growth&amp;rdquo;.&lt;br /&gt;&lt;br /&gt;Last week, Chinese leader Xi Jinping&amp;rsquo;s rationale for officially abandoning the policy was the reverse: To ensure economic growth is not wrecked by population decrease. But it is probably too late to change China&amp;rsquo;s demographic future.&lt;br /&gt;&lt;br /&gt;China&amp;rsquo;s population has begun to age &amp;mdash; and age rapidly. The working-age population between 15 and 59 has fallen 3.7 million since 2013 and the drop is accelerating. Just as telling, the old-age dependency ratio is rising. The number of elderly relatives supported by a young Chinese has doubled since 1980.&lt;br /&gt;&lt;br /&gt;Why does this matter economically? At the heart of Mr Xi&amp;rsquo;s economic reforms is a shift from investment-based to consumption-driven growth. But the more elders a young Chinese has to support, the less likely she is to splurge on the good things in life.&lt;br /&gt;&lt;br /&gt;While Mr Xi wants to move away from being the world&amp;rsquo;s manufacturing hub, he wants a soft landing. A rapidly shrinking workforce means skyrocketing wages and factories moving out faster than Beijing wants. China&amp;rsquo;s problem is that its people are already too wealthy for the change in policy to make a difference. As incomes rise, couples invest more in fewer children. Inevitably, fertility rates fall below replacement levels. China is already an upper middle-income country, largely urbanised, and its couples driven to spend heavily on their children&amp;rsquo;s education, health and other comforts of life. One or two kids is about all they can afford.&lt;br /&gt;&lt;br /&gt;It is often forgotten that Beijing relaxed the one-child policy back in 2013. If a couple included one member who was a single child, they could apply for a second child. Barely one million couples bothered &amp;mdash; 13% of those eligible.&lt;br /&gt;&lt;br /&gt;Japan is the demographic parallel for China. The question is whether China will face Japan&amp;rsquo;s economic fate. Old-age economies can still grow, but must pour money in education, technology and health to extract more wealth creation from fewer people. Japan has been trying that, but with minimal success.&lt;br /&gt;&lt;br /&gt;In India&amp;rsquo;s case, it has a large and youthful population, but has underinvested in it and strangled its businesses for decades. It remains unclear if it will be able to cash in on its demographic dividend or find itself with a population liability of millions of underemployed.&lt;br /&gt;&lt;br /&gt;Demographer Yi Fuxian warned recently: &amp;ldquo;China is turning grey on an unprecedented scale in human history, and the government, even the whole of Chinese society, isn&amp;rsquo;t prepared for it.&amp;rdquo; The title of his once-banned book says it all: A Big Country with an Empty Nest.&lt;/div&gt;&#039;,
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-Hindustan Times&lt;br /&gt;
&lt;br /&gt;
In the 1970s Deng Xiaoping explained that China&amp;rsquo;s one-child policy was being introduced to ensure &amp;ldquo;the fruits of economic growth are not devoured by population growth&amp;rdquo;.&lt;br /&gt;
&lt;br /&gt;
Last week, Chinese leader Xi Jinping&amp;rsquo;s rationale for officially abandoning the policy was the reverse: To ensure economic growth is not wrecked by population decrease. But it is probably too late to change China&amp;rsquo;s demographic future.&lt;br /&gt;
&lt;br /&gt;
China&amp;rsquo;s population has begun to age &amp;mdash; and age rapidly. The working-age population between 15 and 59 has fallen 3.7 million since 2013 and the drop is accelerating. Just as telling, the old-age dependency ratio is rising. The number of elderly relatives supported by a young Chinese has doubled since 1980.&lt;br /&gt;
&lt;br /&gt;
Why does this matter economically? At the heart of Mr Xi&amp;rsquo;s economic reforms is a shift from investment-based to consumption-driven growth. But the more elders a young Chinese has to support, the less likely she is to splurge on the good things in life.&lt;br /&gt;
&lt;br /&gt;
While Mr Xi wants to move away from being the world&amp;rsquo;s manufacturing hub, he wants a soft landing. A rapidly shrinking workforce means skyrocketing wages and factories moving out faster than Beijing wants. China&amp;rsquo;s problem is that its people are already too wealthy for the change in policy to make a difference. As incomes rise, couples invest more in fewer children. Inevitably, fertility rates fall below replacement levels. China is already an upper middle-income country, largely urbanised, and its couples driven to spend heavily on their children&amp;rsquo;s education, health and other comforts of life. One or two kids is about all they can afford.&lt;br /&gt;
&lt;br /&gt;
It is often forgotten that Beijing relaxed the one-child policy back in 2013. If a couple included one member who was a single child, they could apply for a second child. Barely one million couples bothered &amp;mdash; 13% of those eligible.&lt;br /&gt;
&lt;br /&gt;
Japan is the demographic parallel for China. The question is whether China will face Japan&amp;rsquo;s economic fate. Old-age economies can still grow, but must pour money in education, technology and health to extract more wealth creation from fewer people. Japan has been trying that, but with minimal success.&lt;br /&gt;
&lt;br /&gt;
In India&amp;rsquo;s case, it has a large and youthful population, but has underinvested in it and strangled its businesses for decades. It remains unclear if it will be able to cash in on its demographic dividend or find itself with a population liability of millions of underemployed.&lt;br /&gt;
&lt;br /&gt;
Demographer Yi Fuxian warned recently: &amp;ldquo;China is turning grey on an unprecedented scale in human history, and the government, even the whole of Chinese society, isn&amp;rsquo;t prepared for it.&amp;rdquo; The title of his once-banned book says it all: A Big Country with an Empty Nest.
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-Hindustan Times

In the 1970s Deng Xiaoping explained that China&amp;rsquo;s one-child policy was being introduced to ensure &amp;ldquo;the fruits of economic growth are not devoured by population growth&amp;rdquo;.

Last week, Chinese leader Xi Jinping&amp;rsquo;s rationale for officially abandoning the policy was the...&#039;
$disp = &#039;&lt;div align=&quot;justify&quot;&gt;-Hindustan Times&lt;br /&gt;&lt;br /&gt;In the 1970s Deng Xiaoping explained that China&amp;rsquo;s one-child policy was being introduced to ensure &amp;ldquo;the fruits of economic growth are not devoured by population growth&amp;rdquo;.&lt;br /&gt;&lt;br /&gt;Last week, Chinese leader Xi Jinping&amp;rsquo;s rationale for officially abandoning the policy was the reverse: To ensure economic growth is not wrecked by population decrease. But it is probably too late to change China&amp;rsquo;s demographic future.&lt;br /&gt;&lt;br /&gt;China&amp;rsquo;s population has begun to age &amp;mdash; and age rapidly. The working-age population between 15 and 59 has fallen 3.7 million since 2013 and the drop is accelerating. Just as telling, the old-age dependency ratio is rising. The number of elderly relatives supported by a young Chinese has doubled since 1980.&lt;br /&gt;&lt;br /&gt;Why does this matter economically? At the heart of Mr Xi&amp;rsquo;s economic reforms is a shift from investment-based to consumption-driven growth. But the more elders a young Chinese has to support, the less likely she is to splurge on the good things in life.&lt;br /&gt;&lt;br /&gt;While Mr Xi wants to move away from being the world&amp;rsquo;s manufacturing hub, he wants a soft landing. A rapidly shrinking workforce means skyrocketing wages and factories moving out faster than Beijing wants. China&amp;rsquo;s problem is that its people are already too wealthy for the change in policy to make a difference. As incomes rise, couples invest more in fewer children. Inevitably, fertility rates fall below replacement levels. China is already an upper middle-income country, largely urbanised, and its couples driven to spend heavily on their children&amp;rsquo;s education, health and other comforts of life. One or two kids is about all they can afford.&lt;br /&gt;&lt;br /&gt;It is often forgotten that Beijing relaxed the one-child policy back in 2013. If a couple included one member who was a single child, they could apply for a second child. Barely one million couples bothered &amp;mdash; 13% of those eligible.&lt;br /&gt;&lt;br /&gt;Japan is the demographic parallel for China. The question is whether China will face Japan&amp;rsquo;s economic fate. Old-age economies can still grow, but must pour money in education, technology and health to extract more wealth creation from fewer people. Japan has been trying that, but with minimal success.&lt;br /&gt;&lt;br /&gt;In India&amp;rsquo;s case, it has a large and youthful population, but has underinvested in it and strangled its businesses for decades. It remains unclear if it will be able to cash in on its demographic dividend or find itself with a population liability of millions of underemployed.&lt;br /&gt;&lt;br /&gt;Demographer Yi Fuxian warned recently: &amp;ldquo;China is turning grey on an unprecedented scale in human history, and the government, even the whole of Chinese society, isn&amp;rsquo;t prepared for it.&amp;rdquo; The title of his once-banned book says it all: A Big Country with an Empty Nest.&lt;/div&gt;&#039;
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-Hindustan Times

In the 1970s Deng Xiaoping explained that China&rsquo;s one-child policy was being introduced to ensure &ldquo;the fruits of economic growth are not devoured by population growth&rdquo;.

Last week, Chinese leader Xi Jinping&rsquo;s rationale for officially abandoning the policy was the..."/>
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                <strong>China’s reversal of one-child policy will have economic implications</strong></h1>
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                <div align="justify">-Hindustan Times<br /><br />In the 1970s Deng Xiaoping explained that China&rsquo;s one-child policy was being introduced to ensure &ldquo;the fruits of economic growth are not devoured by population growth&rdquo;.<br /><br />Last week, Chinese leader Xi Jinping&rsquo;s rationale for officially abandoning the policy was the reverse: To ensure economic growth is not wrecked by population decrease. But it is probably too late to change China&rsquo;s demographic future.<br /><br />China&rsquo;s population has begun to age &mdash; and age rapidly. The working-age population between 15 and 59 has fallen 3.7 million since 2013 and the drop is accelerating. Just as telling, the old-age dependency ratio is rising. The number of elderly relatives supported by a young Chinese has doubled since 1980.<br /><br />Why does this matter economically? At the heart of Mr Xi&rsquo;s economic reforms is a shift from investment-based to consumption-driven growth. But the more elders a young Chinese has to support, the less likely she is to splurge on the good things in life.<br /><br />While Mr Xi wants to move away from being the world&rsquo;s manufacturing hub, he wants a soft landing. A rapidly shrinking workforce means skyrocketing wages and factories moving out faster than Beijing wants. China&rsquo;s problem is that its people are already too wealthy for the change in policy to make a difference. As incomes rise, couples invest more in fewer children. Inevitably, fertility rates fall below replacement levels. China is already an upper middle-income country, largely urbanised, and its couples driven to spend heavily on their children&rsquo;s education, health and other comforts of life. One or two kids is about all they can afford.<br /><br />It is often forgotten that Beijing relaxed the one-child policy back in 2013. If a couple included one member who was a single child, they could apply for a second child. Barely one million couples bothered &mdash; 13% of those eligible.<br /><br />Japan is the demographic parallel for China. The question is whether China will face Japan&rsquo;s economic fate. Old-age economies can still grow, but must pour money in education, technology and health to extract more wealth creation from fewer people. Japan has been trying that, but with minimal success.<br /><br />In India&rsquo;s case, it has a large and youthful population, but has underinvested in it and strangled its businesses for decades. It remains unclear if it will be able to cash in on its demographic dividend or find itself with a population liability of millions of underemployed.<br /><br />Demographer Yi Fuxian warned recently: &ldquo;China is turning grey on an unprecedented scale in human history, and the government, even the whole of Chinese society, isn&rsquo;t prepared for it.&rdquo; The title of his once-banned book says it all: A Big Country with an Empty Nest.</div>               </font>
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-Hindustan Times<br />
<br />
In the 1970s Deng Xiaoping explained that China&rsquo;s one-child policy was being introduced to ensure &ldquo;the fruits of economic growth are not devoured by population growth&rdquo;.<br />
<br />
Last week, Chinese leader Xi Jinping&rsquo;s rationale for officially abandoning the policy was the reverse: To ensure economic growth is not wrecked by population decrease. But it is probably too late to change China&rsquo;s demographic future.<br />
<br />
China&rsquo;s population has begun to age &mdash; and age rapidly. The working-age population between 15 and 59 has fallen 3.7 million since 2013 and the drop is accelerating. Just as telling, the old-age dependency ratio is rising. The number of elderly relatives supported by a young Chinese has doubled since 1980.<br />
<br />
Why does this matter economically? At the heart of Mr Xi&rsquo;s economic reforms is a shift from investment-based to consumption-driven growth. But the more elders a young Chinese has to support, the less likely she is to splurge on the good things in life.<br />
<br />
While Mr Xi wants to move away from being the world&rsquo;s manufacturing hub, he wants a soft landing. A rapidly shrinking workforce means skyrocketing wages and factories moving out faster than Beijing wants. China&rsquo;s problem is that its people are already too wealthy for the change in policy to make a difference. As incomes rise, couples invest more in fewer children. Inevitably, fertility rates fall below replacement levels. China is already an upper middle-income country, largely urbanised, and its couples driven to spend heavily on their children&rsquo;s education, health and other comforts of life. One or two kids is about all they can afford.<br />
<br />
It is often forgotten that Beijing relaxed the one-child policy back in 2013. If a couple included one member who was a single child, they could apply for a second child. Barely one million couples bothered &mdash; 13% of those eligible.<br />
<br />
Japan is the demographic parallel for China. The question is whether China will face Japan&rsquo;s economic fate. Old-age economies can still grow, but must pour money in education, technology and health to extract more wealth creation from fewer people. Japan has been trying that, but with minimal success.<br />
<br />
In India&rsquo;s case, it has a large and youthful population, but has underinvested in it and strangled its businesses for decades. It remains unclear if it will be able to cash in on its demographic dividend or find itself with a population liability of millions of underemployed.<br />
<br />
Demographer Yi Fuxian warned recently: &ldquo;China is turning grey on an unprecedented scale in human history, and the government, even the whole of Chinese society, isn&rsquo;t prepared for it.&rdquo; The title of his once-banned book says it all: A Big Country with an Empty Nest.
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-Hindustan Times

In the 1970s Deng Xiaoping explained that China&rsquo;s one-child policy was being introduced to ensure &ldquo;the fruits of economic growth are not devoured by population growth&rdquo;.

Last week, Chinese leader Xi Jinping&rsquo;s rationale for officially abandoning the policy was the...',
	'disp' => '<div align="justify">-Hindustan Times<br /><br />In the 1970s Deng Xiaoping explained that China&rsquo;s one-child policy was being introduced to ensure &ldquo;the fruits of economic growth are not devoured by population growth&rdquo;.<br /><br />Last week, Chinese leader Xi Jinping&rsquo;s rationale for officially abandoning the policy was the reverse: To ensure economic growth is not wrecked by population decrease. But it is probably too late to change China&rsquo;s demographic future.<br /><br />China&rsquo;s population has begun to age &mdash; and age rapidly. The working-age population between 15 and 59 has fallen 3.7 million since 2013 and the drop is accelerating. Just as telling, the old-age dependency ratio is rising. The number of elderly relatives supported by a young Chinese has doubled since 1980.<br /><br />Why does this matter economically? At the heart of Mr Xi&rsquo;s economic reforms is a shift from investment-based to consumption-driven growth. But the more elders a young Chinese has to support, the less likely she is to splurge on the good things in life.<br /><br />While Mr Xi wants to move away from being the world&rsquo;s manufacturing hub, he wants a soft landing. A rapidly shrinking workforce means skyrocketing wages and factories moving out faster than Beijing wants. China&rsquo;s problem is that its people are already too wealthy for the change in policy to make a difference. As incomes rise, couples invest more in fewer children. Inevitably, fertility rates fall below replacement levels. China is already an upper middle-income country, largely urbanised, and its couples driven to spend heavily on their children&rsquo;s education, health and other comforts of life. One or two kids is about all they can afford.<br /><br />It is often forgotten that Beijing relaxed the one-child policy back in 2013. If a couple included one member who was a single child, they could apply for a second child. Barely one million couples bothered &mdash; 13% of those eligible.<br /><br />Japan is the demographic parallel for China. The question is whether China will face Japan&rsquo;s economic fate. Old-age economies can still grow, but must pour money in education, technology and health to extract more wealth creation from fewer people. Japan has been trying that, but with minimal success.<br /><br />In India&rsquo;s case, it has a large and youthful population, but has underinvested in it and strangled its businesses for decades. It remains unclear if it will be able to cash in on its demographic dividend or find itself with a population liability of millions of underemployed.<br /><br />Demographer Yi Fuxian warned recently: &ldquo;China is turning grey on an unprecedented scale in human history, and the government, even the whole of Chinese society, isn&rsquo;t prepared for it.&rdquo; The title of his once-banned book says it all: A Big Country with an Empty Nest.</div>',
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-Hindustan Times<br />
<br />
In the 1970s Deng Xiaoping explained that China&rsquo;s one-child policy was being introduced to ensure &ldquo;the fruits of economic growth are not devoured by population growth&rdquo;.<br />
<br />
Last week, Chinese leader Xi Jinping&rsquo;s rationale for officially abandoning the policy was the reverse: To ensure economic growth is not wrecked by population decrease. But it is probably too late to change China&rsquo;s demographic future.<br />
<br />
China&rsquo;s population has begun to age &mdash; and age rapidly. The working-age population between 15 and 59 has fallen 3.7 million since 2013 and the drop is accelerating. Just as telling, the old-age dependency ratio is rising. The number of elderly relatives supported by a young Chinese has doubled since 1980.<br />
<br />
Why does this matter economically? At the heart of Mr Xi&rsquo;s economic reforms is a shift from investment-based to consumption-driven growth. But the more elders a young Chinese has to support, the less likely she is to splurge on the good things in life.<br />
<br />
While Mr Xi wants to move away from being the world&rsquo;s manufacturing hub, he wants a soft landing. A rapidly shrinking workforce means skyrocketing wages and factories moving out faster than Beijing wants. China&rsquo;s problem is that its people are already too wealthy for the change in policy to make a difference. As incomes rise, couples invest more in fewer children. Inevitably, fertility rates fall below replacement levels. China is already an upper middle-income country, largely urbanised, and its couples driven to spend heavily on their children&rsquo;s education, health and other comforts of life. One or two kids is about all they can afford.<br />
<br />
It is often forgotten that Beijing relaxed the one-child policy back in 2013. If a couple included one member who was a single child, they could apply for a second child. Barely one million couples bothered &mdash; 13% of those eligible.<br />
<br />
Japan is the demographic parallel for China. The question is whether China will face Japan&rsquo;s economic fate. Old-age economies can still grow, but must pour money in education, technology and health to extract more wealth creation from fewer people. Japan has been trying that, but with minimal success.<br />
<br />
In India&rsquo;s case, it has a large and youthful population, but has underinvested in it and strangled its businesses for decades. It remains unclear if it will be able to cash in on its demographic dividend or find itself with a population liability of millions of underemployed.<br />
<br />
Demographer Yi Fuxian warned recently: &ldquo;China is turning grey on an unprecedented scale in human history, and the government, even the whole of Chinese society, isn&rsquo;t prepared for it.&rdquo; The title of his once-banned book says it all: A Big Country with an Empty Nest.
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$metaTitle = 'LATEST NEWS UPDATES | China’s reversal of one-child policy will have economic implications'
$metaKeywords = 'Demographic Dividend,Population Pressure,Population Control,Population Growth,Economic Growth,Economic Development,china'
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-Hindustan Times

In the 1970s Deng Xiaoping explained that China&rsquo;s one-child policy was being introduced to ensure &ldquo;the fruits of economic growth are not devoured by population growth&rdquo;.

Last week, Chinese leader Xi Jinping&rsquo;s rationale for officially abandoning the policy was the...'
$disp = '<div align="justify">-Hindustan Times<br /><br />In the 1970s Deng Xiaoping explained that China&rsquo;s one-child policy was being introduced to ensure &ldquo;the fruits of economic growth are not devoured by population growth&rdquo;.<br /><br />Last week, Chinese leader Xi Jinping&rsquo;s rationale for officially abandoning the policy was the reverse: To ensure economic growth is not wrecked by population decrease. But it is probably too late to change China&rsquo;s demographic future.<br /><br />China&rsquo;s population has begun to age &mdash; and age rapidly. The working-age population between 15 and 59 has fallen 3.7 million since 2013 and the drop is accelerating. Just as telling, the old-age dependency ratio is rising. The number of elderly relatives supported by a young Chinese has doubled since 1980.<br /><br />Why does this matter economically? At the heart of Mr Xi&rsquo;s economic reforms is a shift from investment-based to consumption-driven growth. But the more elders a young Chinese has to support, the less likely she is to splurge on the good things in life.<br /><br />While Mr Xi wants to move away from being the world&rsquo;s manufacturing hub, he wants a soft landing. A rapidly shrinking workforce means skyrocketing wages and factories moving out faster than Beijing wants. China&rsquo;s problem is that its people are already too wealthy for the change in policy to make a difference. As incomes rise, couples invest more in fewer children. Inevitably, fertility rates fall below replacement levels. China is already an upper middle-income country, largely urbanised, and its couples driven to spend heavily on their children&rsquo;s education, health and other comforts of life. One or two kids is about all they can afford.<br /><br />It is often forgotten that Beijing relaxed the one-child policy back in 2013. If a couple included one member who was a single child, they could apply for a second child. Barely one million couples bothered &mdash; 13% of those eligible.<br /><br />Japan is the demographic parallel for China. The question is whether China will face Japan&rsquo;s economic fate. Old-age economies can still grow, but must pour money in education, technology and health to extract more wealth creation from fewer people. Japan has been trying that, but with minimal success.<br /><br />In India&rsquo;s case, it has a large and youthful population, but has underinvested in it and strangled its businesses for decades. It remains unclear if it will be able to cash in on its demographic dividend or find itself with a population liability of millions of underemployed.<br /><br />Demographer Yi Fuxian warned recently: &ldquo;China is turning grey on an unprecedented scale in human history, and the government, even the whole of Chinese society, isn&rsquo;t prepared for it.&rdquo; The title of his once-banned book says it all: A Big Country with an Empty Nest.</div>'
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China’s reversal of one-child policy will have economic implications

-Hindustan Times In the 1970s Deng Xiaoping explained that China’s one-child policy was being introduced to ensure “the fruits of economic growth are not devoured by population growth”. Last week, Chinese leader Xi Jinping’s rationale for officially abandoning the policy was the reverse: To ensure economic growth is not wrecked by population decrease. But it is probably too late to change China’s demographic future. China’s population has begun to age — and age rapidly. The working-age population between 15 and 59 has fallen 3.7 million since 2013 and the drop is accelerating. Just as telling, the old-age dependency ratio is rising. The number of elderly relatives supported by a young Chinese has doubled since 1980. Why does this matter economically? At the heart of Mr Xi’s economic reforms is a shift from investment-based to consumption-driven growth. But the more elders a young Chinese has to support, the less likely she is to splurge on the good things in life. While Mr Xi wants to move away from being the world’s manufacturing hub, he wants a soft landing. A rapidly shrinking workforce means skyrocketing wages and factories moving out faster than Beijing wants. China’s problem is that its people are already too wealthy for the change in policy to make a difference. As incomes rise, couples invest more in fewer children. Inevitably, fertility rates fall below replacement levels. China is already an upper middle-income country, largely urbanised, and its couples driven to spend heavily on their children’s education, health and other comforts of life. One or two kids is about all they can afford. It is often forgotten that Beijing relaxed the one-child policy back in 2013. If a couple included one member who was a single child, they could apply for a second child. Barely one million couples bothered — 13% of those eligible. Japan is the demographic parallel for China. The question is whether China will face Japan’s economic fate. Old-age economies can still grow, but must pour money in education, technology and health to extract more wealth creation from fewer people. Japan has been trying that, but with minimal success. In India’s case, it has a large and youthful population, but has underinvested in it and strangled its businesses for decades. It remains unclear if it will be able to cash in on its demographic dividend or find itself with a population liability of millions of underemployed. Demographer Yi Fuxian warned recently: “China is turning grey on an unprecedented scale in human history, and the government, even the whole of Chinese society, isn’t prepared for it.” The title of his once-banned book says it all: A Big Country with an Empty Nest.