https://www.indexmundi.com/china/age_structure.html
China has more problems finding employment for all its workers.
Posted on 06/29/2023 3:43:46 AM PDT by FarCenter
MUNICH: Chinese Premier Li Qiang’s European tour last week made clear that Europe is not about to decouple from China. If anything, Sino-European cooperation will deepen on technology and, critically, on development issues in the Global South
Li is not only China’s second-ranking official but also Xi Jinping’s closest political associate since the time when the two worked together in Zhejiang Province, more than two decades ago. As Shanghai party chief, he expedited the Tesla Motors mega-factory that helped make China the world’s top auto exporter.
His visit included meetings with Chancellor Olaf Scholz and top German industrial leaders, as well as the up-and-coming prime minister of the state of Bavaria, and finished with an address to a Paris conference on development financing convened by President Emmanuel Macron.
Li called for a “global development partnership” to provide more resources to developing countries, and for “liberalization and facilitation of trade and investment” to “inject fresh growth impetus into developing countries,” rather than “trade protectionism and decoupling and severing supply and industrial chains in any form,” according to a Chinese government statement.
The 27 leaders of the European Community meanwhile will “resort to a soft tone on China” at their June 28-29 EU Council summit in Brussels, according to a draft resolution leaked to Politico.
“Despite their different political and economic systems, the European Union and China have a shared interest in pursuing constructive and stable relations, anchored in respect for the rules-based international order, balanced engagement and reciprocity,” the draft reads, adding that Europe “does not intend to decouple or to turn inwards” or adopt policies “to harm China, nor to thwart China’s economic progress and development.”
The draft language echoes Scholz’s comments to the German Bundestag.
China’s exports to the Global South have doubled since 2020 and now exceed its total exports to developed markets for the first time. China is also the largest lender to developing countries. As central banks in developed markets tighten credit conditions in response to inflation, bank lending in dollars and euros to developing countries has shrunk. Many countries of the Global South are turning to China’s renminbi for trade and development financing as a substitute.
Some folks say that China is headed for a demographic collapse within 10 years and will cease to exist as a country. Not sure partnering with China is wise at this point.
https://www.indexmundi.com/china/age_structure.html
China has more problems finding employment for all its workers.
They expect the Barbarians to deliver much tribute to the Middle Kingdom.
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