‘Not A Lot To Cling To’
Risk sentiment faltered and the euro slipped to a two-decade low Tuesday, as recession worries eclipsed tentative optimism engendered by news the US may soon roll back some tariffs on Chinese goods to help fight inflation.
Janet Yellen and Liu He held a "candid and substantive" virtual meeting centered on areas of mutual concern to the world's two largest economies, including the outlook for growth, commodity prices and food security. Yellen, a readout said, was "frank" about the conflict in U
From theconversation.com…”The world’s biggest nation is about to shrink…as recently as 2019 the China Academy of Social Sciences expected the population to peak in 2029, at 1.44 billion…[but] according to the latest figures from China’s National Bureau of Statistics, China’s population grew from 1.41212 billion to just 1.41260 billion in 2021 – a record low increase of just 480,000, a mere fraction of the annual growth of eight million or so common a decade ago…projections prepared by a team at the Shanghai Academy of Social Sciences have it falling this year – for the first time post-famine – by 0.49 in a thousand…this has happened despite China abandoning its one-child policy in 2016 and introducing a three-child policy, backed by tax and other incentives, last year…The Shanghai Academy of Social Sciences team predicts an annual average decline of 1.1% after 2021, pushing China’s population down to 587 million in 2100, less than half of what it is today.”
Japan’s population peaked in ~2008.
Demographics is destiny (or so they say)
The answer for the US is simple and right in front of us- implement an intelligent immigration policy.
Legalize anyone already here (except violent criminals) and target the work force we need to continue to grow and prosper as a country. Require some education of how the US works, in terms of laws and after some period of time, provide a path to citizenship.
The people of the world would generally choose USA over China, so I simply add this issue to our “problem list” as a result of incompetent political leadership.