Tag: Pensions and Retirement Plans

Why China’s Shrinking Population Is Cause for Alarm

Chin@Strategy

New data released this week by the Chinese government revealed that China’s population has begun to shrink, a momentous shift that will have broad ripple effects both domestically and globally. The government said on Tuesday that deaths last year in China had outnumbered births for the first time in decades. This could spell the end of China’s position as the world’s most populous country, a transition that could profoundly reshape the global economy in the long run. India’s total population is expected to surpass China’s later this year, according to…

As Asian Societies Age, ‘Retirement’ Just Means More Work

Chin@Strategy

To cope with what demographers call “super aging societies,” policymakers in East Asia initially focused on trying to spur births and tinkering with immigration laws to shore up work forces. Such measures have done little to alter the aging trend line, as fertility rates have plunged and many countries have resisted large-scale immigration plans. That has left employers desperate for workers. In Japan, for example, surveys show that as many as half of companies report shortages of full-time workers. Older workers have stepped in to fill the gaps. “We have…