Sunday, November 22, 2015
Maintenance May Be China's Downfall Future Nightmare
Although China's economy has slowed a bit, it's still growing, after 35 years of impressive growth. But it strikes me that China will face a big problem down the road. Because their growth has been so rapid, much of their infrastructure is roughly the same age. That means it will be wearing out about the same time, requiring a lot of repairs or replacement. China has profited by the ability to modernize their agriculture, freeing/driving workers to the cities. Meanwhile the 1-child policy has meant fewer children to support, so the ratio of workers to dependents has been high, whereas in the future it will be low.