Page 102 of 125 FirstFirst ... 25292949596979899100101102103104105106107108109110112 ... LastLast
Results 2,526 to 2,550 of 3115
  1. #2526
    Thailand Expat OhOh's Avatar
    Join Date
    Jul 2010
    Last Online
    Today @ 02:08 PM
    Location
    Where troubles melt like lemon drops
    Posts
    25,224
    US is not an anchor of stability for anything anymore: former US intelligence officer


    By Global Times Published: Jan 04, 2023 08:41 PM

    "Editors notes;

    From many perspectives, the world is in danger of being drawn into long-term trouble right before our eyes. Greater risk of outbreak of new conflicts bubbles amid a lingering pandemic, the ongoing Russia-Ukraine conflict and the plague of soaring inflation and an energy crisis. Against this complex backdrop, what will 2023 look like? Who should we look toward as the anchor of stability in the world?

    Global Times (GT) reporters Yu Jincui and Xing Xiaojing recently interviewed Scott Ritter (Ritter), a former US Marine Corps intelligence officer, over these pressing issues.

    This is the fourth piece of the Global Times series - "Looking for an anchor of stability in 2023."



    "GT
    : What's the black swan event in 2022 in your eyes?

    Ritter: The Russian-Ukraine conflict is the black swan event of 2022. I think when we looked at 2021 moving into 2022, there was a lot of talk about the potential of Russian military action against Ukraine. But I believe that many in the West did not think that Russia would actually go through with it. They believed the consequences of a Russian military operation against Ukraine would be so severe and disastrous for Russia that Russia would be deterred from doing this. This is why the greatest emphasis that the West placed on trying to deter Russia wasn't military, but economic, the threat of economic sanctions.

    Another indication that the West was not taking Russia seriously was the absolute failure of the West to undertake anything that can remotely resemble serious diplomacy to seek a diplomatic solution to this problem. Russia made a concerted effort to see the Minsk accords implemented, but this was rejected by the West, by the US, Germany and France, despite the promises of all the leaders of those three nations, to put pressure on Ukraine to accept the Minsk accords. Had the Minsk records been accepted and been implemented in full, there would not have been a war. This was a very simple solution, one that the West did not seek, because I don't believe they thought Russia was serious about a military operation.

    Likewise, in December, when Russia provided the West with two draft treaties, one to NATO, one to the US outlining their concerns about the need for a new European security framework. If the West would only read this and sit down and talk with Russia, that a conflict could be avoided.

    We now know that neither Ukraine, Germany, nor France was ever serious about Minsk, that they were only using it as a sham, as a cover to build a NATO army capable of solving the Donbas problem militarily. And the Russian attack preempted the Western plans. I think this is why it is the black swan event. It's an event that nobody really anticipated. And when it occurred, it shook up the entire world. There is not a single part of the world that has not been affected by this conflict. China has been affected by this conflict. Asia has been affected by this conflict, South America, Africa, Europe, the US, the entire globe has been affected by this conflict.

    GT:What implications does the Russia-Ukraine conflict have for 2023?

    Ritter: First, no longer can the West, NATO and the US be described as the bully who no one dares to stand up to. Russia has stood up to the bully. Russia has sent a signal that there are limits to what a major power can accept when it comes to the irresponsible actions of the West. Nobody thought Russia could survive this long. The main feeling was that Russia's economy would collapse, that the economic sanctions would bring Russia into economic ruin, and that this would create domestic political turmoil that could see Vladimir Putin's government overthrown. The West has never been more wrong than they were on that.

    The Russian economy, while not thriving, is surviving, strengthening and growing. And the Russian military, despite some serious mistakes made early on, has learned, adapted and the Russian nation has made the determination that what is happening in Ukraine is not a conflict between Russia and Ukraine, but a conflict between Russia and the collective West, Russia versus NATO. And they are willing to fight this fight to the end.

    GT: Which issue concerns you most in 2023 and why?

    Ritter: Taiwan. The November elections seem to have mitigated against the rush toward conflict. But the US may opt to double down on pressuring China, forcing a conflict that doesn't need to be fought.

    Before November, I was very afraid that the mainland would be compelled to act militarily against Taiwan, because of the irresponsible policies of the US. Washington was behaving in a manner which deviated from the one China policy and the principles that are inherent in the one China policy. And instead, it's seeking to create the impression that Taiwan was an independent nation, and that Taiwan was a nation capable of establishing military relationship, alliance with the US. These are all red lines for China. While China seeks a peaceful outcome to the Taiwan question, if these red lines are crossed, then they will seek a non-peaceful means. We know that means war.

    I was very concerned that these red lines were going to be crossed sometime last year, or maybe early this year. But then Taiwan held local elections. The results showed people in Taiwan don't want the Democratic Progressive Party to be more aggressive in cross-Straits policy. This doesn't mean that everything is going to be wonderful between the mainland and Taiwan, but I don't believe that the current Taiwan authorities can aggressively pursue these policies given the results of the elections. I believe that the immediate danger of a conflict has been removed.

    Now, you would say, Scott, if that's the case, why are you concerned? I'm concerned about America. I'm concerned about how the US will respond to this. The US put a lot of political weight behind the visit of Nancy Pelosi and the visit of US lawmakers to Taiwan. The US was pushing aggressively for this policy. Now, their Taiwan partner appears to be saying not so fast. We have domestic political problems that we have to worry about. What is the US going to do? If they can't work with the Taiwan authorities to create confrontation, then they will, I believe, seek to directly confront China.

    GT: How do you see the possibility of a China-US military conflict in 2023? What will be the flashpoint, the South China Sea or the Taiwan Straits?

    Ritter: The South China Sea has become a very difficult problem for the US. And I don't believe the US is looking for a general war with China. I think the US is looking for an opportunity to militarily embarrass China, to send the signal to China that you're not as strong as you think you are, not as capable as you think you are, to send the message that America is still the dominant power in the pacific, and you should never dare to challenge it. But a conflict in the South China Sea could send the exact opposite signal that it's the US that is not as powerful as it thinks.

    Now, let's talk about the Taiwan Straits. China's policy from my perspective is a policy that is very mature. It's a policy that seeks a peaceful outcome. In the US, you have to understand that we don't normally pursue policies that seek a peaceful outcome. Our No.1 choice for policy resolution is war. Any nation that actually pursues a policy of peace is considered weak by the US. So China is in a difficult position. The more it pursues a policy of peace in Taiwan, the more it's perceived by the US as being weak. So the US continues to push to challenge it. The more China avoids direct confrontation, the more the US becomes involved, because they say China is weak, so we will be more aggressive.

    The Chinese are saying we don't want a war, we want a peaceful resolution, so we don't overreact to the American provocations. But at some point, this stops. China is gonna say enough, we're done. I don't think the US has the ability to understand when that is about to happen. Normally, when you have good diplomats, when you have good strategic thinkers, people who understand China, you will know. But in the US, because we interpret Chinese patience as a sign of weakness, I don't believe our leaders know when to say enough, when to stop, they'll always try to go one step further, one step further. And that's the danger. Not that China's looking for a confrontation, but the US will push China too far, enforce a confrontation.

    GT: Which country do you think will contribute more to global stability in 2023 and be the anchor of stability, the US or China?

    Ritter: China. The US is not an anchor of stability for anything anymore. To be honest, we're better positioned than China to be a global leader for stability. China is an economic power, but only the US can project itself militarily, politically, and economically throughout the entire world.

    So the US is actually in the best position to influence nations for stability. But we're not doing that. We claim to be promoting democracy, but we don't promote democracy, we promote American hegemony. We claim to come into nations and say we want to give democratic ideals, but all we want is a government that does what we want, regardless of what happens to the people of that country. We don't respect not only the individuals, but also the collective of the world. We have no desire to make life better for an individual in China or Indonesia or Africa, or even Europe. All we want is for them to do things that make America richer and stronger. We wanted to be a one way relationship. And this is poisonous. The world is recognizing just how poisonous this is. There are many nations that are so closely intertwined with the US, they can't break free. Europe comes the mind. No matter how much logic dictates that Europe should free itself from this abusive relationship with the US, Europe, like an abuse spouse keeps coming back, hoping things will be better in the future.

    China operates differently. The Chinese government cares about China first and foremost, just like any other government does, but in order for China to succeed, others must succeed as well. I believe China is looking for a mutually successful relationship. That's the key to stability.

    Even though China is not positioned to replicate the US, China economically is already ahead of the US. One only has to look at the Belt and Road Initiative. Trillions of dollars of investment. The West can't match this. So China has a huge advantage here. I believe that China's intent will not be to use this advantage to dominate the world, but to use this advantage to work in cooperation with the world into a mutually beneficial relationship. That is the key to stability. If China was like the US, there would be no hope for a multipolar world, because China would simply be seeking to replace the US and make the whole world revolve around China. That's not what China is doing. The key to future stability is cooperation, not domination. That's why China is my pick for the most stabilizing influence in the world in the coming years.
    "

    US is not an anchor of stability for anything anymore: former US intelligence officer - Global Times
    A tray full of GOLD is not worth a moment in time.

  2. #2527
    Thailand Expat misskit's Avatar
    Join Date
    Dec 2009
    Last Online
    @
    Location
    Chiang Mai
    Posts
    48,105
    I wonder how much Scott Ritter was paid for that interview.

  3. #2528
    Thailand Expat harrybarracuda's Avatar
    Join Date
    Sep 2009
    Last Online
    @
    Posts
    96,561
    Quote Originally Posted by misskit View Post
    I wonder how much Scott Ritter was paid for that interview.
    It is the most appalling piece of brown-nosing.

    Hoohoo must be quite envious.

  4. #2529
    Thailand Expat
    Join Date
    Feb 2006
    Last Online
    @
    Posts
    38,456

    Leading provinces, cities show steady rise in per capita disposable income

    The per capita disposable income of China's first-tier cities such as Beijing and Shanghai inched closer to 80,000 yuan ($11,795) in 2022, and six other leading provinces surpassed the national average of 36,883 yuan, according to Global Times calculations based on statistics released by the provinces.

    The data sends positive signals that rising incomes will spur consumption and support the economic growth this year.

    The per capita disposable income of Shanghai stood at 79,610 yuan and that of Beijing at 77,415 yuan, leading the ranking. East China's Zhejiang Province reached 60,302 yuan, the first time it exceeded 60,000 yuan.

    East China's Jiangsu and Fujian, as well as North China's Tianjin and South China's Guangdong, also had per capita disposable income above 40,000 yuan. That of East China's Shandong was 37,560 yuan, slightly above the national average.

    Nationwide, per capita disposable income grew 2.9 percent year-on-year to 36,883 yuan, according to data released by the National Bureau of Statistics (NBS) in mid-January. The expansion is in line with 3 percent growth in per capita GDP.

    Chinese observers said that the steady gains reflect stable employment and signal a further release this year of consumption power, which was largely subdued in 2022.

    "When a nation's per capita disposable income grows as fast as or faster than per capita GDP, it speaks volumes for a potential expansion in domestic consumption," a Chinese observer surnamed Cong told the Global Times on Sunday.

    The rosy performance of the powerhouse provinces showed that China's economic fundamentals were not dented by pandemic flare-ups last year, but instead maintained its resilience, he said.

    Zhou Maohua, an economist at Everbright Bank, said in a statement sent to the Global Times that retail sales are likely to grow 10 percent in 2023, equivalent to an increase of 4.8 trillion yuan from last year.

    China's per capita disposable income stands in the middle range in the world, as the nation is still the world's largest developing country. In terms of GDP per capita, China is nearing the status of a "high-income country" as defined by the World Bank, according to the NBS.

    Per capita real disposable personal income in the US was around $45,000 last year, according to the US Bureau of Economic Analysis.

    There were other highlights in the new data.

    The gap between rural and urban residents' incomes continued to narrow. The urban-rural income ratio was reduced to 2.45 in 2022 from 2.5 in 2021.

    In 2022, the per capita disposable income of urban residents expanded 1.9 percent, while that of rural residents jumped 4.2 percent.

    https://www.globaltimes.cn/page/202301/1284413.shtml

  5. #2530
    Days Work Done! Norton's Avatar
    Join Date
    Oct 2007
    Last Online
    Today @ 08:22 AM
    Location
    Roiet
    Posts
    34,901
    Quote Originally Posted by sabang View Post
    The data sends positive signals that rising incomes will spur consumption and support the economic growth this year.
    Good stuff for big cities but sitting 79th behind Iran and just ahead of the Maldives needs a lot of work. Big reduction in population would help.

  6. #2531
    Thailand Expat
    Join Date
    Feb 2006
    Last Online
    @
    Posts
    38,456
    This is where you need to go to PPP to work out what it really buys. If Oz had a similar per capita income to China, we would starve. But of course your shekel goes an awful lot further there.

  7. #2532
    Thailand Expat
    Join Date
    Feb 2006
    Last Online
    @
    Posts
    38,456
    You should see what they are saying in Australia. We certainly haven't enjoyed an increase in disposable income here over the last year- what with a rental shortage, interest rates rising substantially, plus energy and food prices skyrocketing.

  8. #2533
    Days Work Done! Norton's Avatar
    Join Date
    Oct 2007
    Last Online
    Today @ 08:22 AM
    Location
    Roiet
    Posts
    34,901
    Quote Originally Posted by Norton View Post
    Big reduction in population would help.
    Quote Originally Posted by panama hat View Post
    Wealthy fleeing China in droves now Covid-zero travel restrictions have ended
    There we go!

  9. #2534
    Thailand Expat
    Join Date
    Feb 2006
    Last Online
    @
    Posts
    38,456
    ^^ So now 3 years of Lockdown and international travel restrictions have ended, there is a surge of Chinese people travelling overseas? Gee, whoddathunkit. If you are insinuating though that there will be some sort of mass exodus from this country of 1.4bn, it will fall flat on it's face just like your assertions there would be a mass exodus from HK.

    Actually, in Australia they are complaining about not receiving enough Chinese arrivals. This from ABC-



  10. #2535
    Thailand Expat misskit's Avatar
    Join Date
    Dec 2009
    Last Online
    @
    Location
    Chiang Mai
    Posts
    48,105
    China's Sichuan frees unmarried people to legally have children

    Health authorities in China's southwestern province of Sichuan will allow unmarried individuals to raise a family and enjoy benefits reserved for married couples, in the latest effort to bolster a falling birth rate.


    The government dictates that only married women are legally allowed to give birth, but with marriage and birth rates having fallen to record lows in recent years, provincial authorities revamped a 2019 rule to cover singles who want to have children.


    From Feb. 15, married couples and any individuals who want offspring will be allowed to register with the government in China's fifth most populous province, with no ceiling on the number of children they can register for.


    The measure aims to "promote long-term and balanced population development," Sichuan's health commission said in a statement on its website.


    Until now, the commission had allowed only married couples who wanted to have up to two children to register with local authorities.


    China's population shrank last year for the first time in six decades, a historic turn expected to usher in a period of decline. That prospect is pushing authorities to roll out incentives and measures to boost the population.


    A nationwide registry system for couples to register with local authorities ensures maternity insurance to cover medical bills, while letting married women keep their salary during maternity leave.


    These benefits will now be extended to single women and men in Sichuan, which ranks seventh in the nation in terms of those older than 60, or more than 21% of its population, government figures show.


    Much of China's demographic downturn stems from its one-child policy imposed between 1980 and 2015.

    China's Sichuan frees unmarried people to legally have children

  11. #2536
    Thailand Expat
    Join Date
    Feb 2006
    Last Online
    @
    Posts
    38,456

    More hilarity from the BBC


  12. #2537
    Thailand Expat harrybarracuda's Avatar
    Join Date
    Sep 2009
    Last Online
    @
    Posts
    96,561
    ^ "Whatever will the Chinese do next"?

    Nothing as both articles are about an American company you spanner.

  13. #2538
    Thailand Expat
    Join Date
    Feb 2006
    Last Online
    @
    Posts
    38,456
    Specifically, about BBC reporting about the same company.

  14. #2539
    Thailand Expat harrybarracuda's Avatar
    Join Date
    Sep 2009
    Last Online
    @
    Posts
    96,561
    Quote Originally Posted by sabang View Post
    Specifically, about BBC reporting about the same company.
    A year apart and probably by different people.

    Which still doesn't make "Whatever will the Chinese do next?" a stupid fucking question, and you a stupid fucker for posting it.

  15. #2540
    Thailand Expat
    Join Date
    Feb 2006
    Last Online
    @
    Posts
    38,456
    Guess the poms don't have much to laugh about these days.


  16. #2541
    Thailand Expat harrybarracuda's Avatar
    Join Date
    Sep 2009
    Last Online
    @
    Posts
    96,561
    She's pretty funny. Probably why she has to live in Australia.

  17. #2542
    Thailand Expat
    Join Date
    Feb 2006
    Last Online
    @
    Posts
    38,456
    Quite enjoyed this. Our American expat guide takes us for a walking tour around a small city in Yunnan province, that is not even classified under the 8 Tier classification of Chinese cities. Only one year old too, so a fairly contemporary look at the way things is:-


  18. #2543
    Thailand Expat harrybarracuda's Avatar
    Join Date
    Sep 2009
    Last Online
    @
    Posts
    96,561
    Yeah, there are dull fuckers that make those videos about Pattaya and the like.

  19. #2544
    last farang standing
    Hugh Cow's Avatar
    Join Date
    May 2015
    Last Online
    15-03-2024 @ 01:44 PM
    Location
    Qld/Bangkok
    Posts
    4,110
    A timely reminder that we should separate people from the decisions their governments make. Especially in autocratic dictarorships.

  20. #2545
    Thailand Expat
    Join Date
    Feb 2006
    Last Online
    @
    Posts
    38,456
    Katherine, from the US, is an environmental engineer living and working in Hangzhou, China. Here is her 4 minute story-


  21. #2546
    Thailand Expat harrybarracuda's Avatar
    Join Date
    Sep 2009
    Last Online
    @
    Posts
    96,561
    Are we doing youtube videos now?

    OK.


  22. #2547
    Thailand Expat harrybarracuda's Avatar
    Join Date
    Sep 2009
    Last Online
    @
    Posts
    96,561

  23. #2548
    Thailand Expat harrybarracuda's Avatar
    Join Date
    Sep 2009
    Last Online
    @
    Posts
    96,561

  24. #2549
    Thailand Expat
    Join Date
    Feb 2006
    Last Online
    @
    Posts
    38,456
    Hah, ^^^ LaoWhy and ^ Serpentza- two Youtube bloggers who failed in China, and now make their shekels from the "China is doomed" mantra.
    I guess someone forgot to give the IMF this memo- it has recently raised it's forecast for Chinese 2023 GDP growth to 5.8%.
    Maybe ask Katherine about Chinas pending demise- her videos depict a quite prosperous, safe and friendly society.

  25. #2550
    Thailand Expat misskit's Avatar
    Join Date
    Dec 2009
    Last Online
    @
    Location
    Chiang Mai
    Posts
    48,105
    The Great People Shortage hits China


    The country's shrinking population is a grim omen for the rest of the world

    China's population is shrinking. While the massive country is still home to 1.4 billion people — nearly one out of every five people on Earth — China's National Bureau of Statistics announced that its population shrank in 2022, falling by roughly 850,000 people.


    This shocking statistic is only the start of China's population decline. This year India is set to surpass China's population, and in a few years it will surpass China's working-age population — people 20 to 69. The United Nations has estimated that if China's birth rate remains at its super-low level and the country fails to position itself as an attractive destination for migrants, the country will lose nearly half of its population by the end of this century, a contraction of roughly 700 million people.


    Strong growth in its working-age population over the past several decades allowed China to become the world's factory — over 70% of solar panels, 60% of farm machines, and 25% of robots are constructed with components from Chinese suppliers. Because of its manufacturing prowess and importance to supply chains, China's shrinking working-age population has enormous, direct effects on the global economy. It's also an omen for the US and Europe: If they don't turn around their shrinking birth rates, they face the same economic fate as China.


    Fewer children, fewer workers
    For decades China's fertility rate — the number of live births per woman — has declined, helping slow the country's population growth. In 2022, it hit the lowest level on record, 1.1 children per woman. In the main population centers of Beijing and Shanghai the fertility rate cratered to 0.7 children per woman. China's one-child policy, which restricted couples to only one child, is not solely to blame (though it played a small role). When the one-child policy was implemented nationwide in 1980, the fertility rate had already fallen to 2.6 from more than 6 children per woman in 1970. In 1991, it fell below 2.1 children per woman, the level needed to keep the population stable over time. At that moment a demographic timer was set, and now the alarm is ringing.


    China’s fertility rate

    The specter of population decline has for years worried the Chinese government, leading the country to relax its restrictive one-child policy in 2016. The Chinese government began encouraging its citizens to have up to three children by enticing them with cash incentives, discounted real estate, and extended maternity leave. But it appears those efforts have been largely unsuccessful.


    China’s population is shrinking

    Unlike many developed economies in the West, China and other major economic powers in Asia aren't using immigration to offset declining fertility. Instead, they're closing themselves off. The proportion of migrants as a percentage of the total population in Japan in 2020 was only 2%. In India it was 0.3%, and in China it was as low as 0.1%. It is practically impossible for foreigners to obtain Chinese citizenship. In contrast, 17% of people living in Germany in 2021 were born abroad, and a third of them had obtained German citizenship.


    Fewer children and fewer immigrants means fewer workers in the long term. The UN forecasts suggest the workforce in China will shrink more in the coming years than it will in almost any other country, and the precipitous population drop will set the stage for a reversal of its decades of strong economic growth, meaning living standards can't improve as quickly. This is a gigantic challenge for the Chinese economy — and for Xi Jinping's ambitious plans to make China the world's largest economy and dominant superpower.


    The shrinking workforce has already caused the government to shift its economic focus. After decades of export-led, labor-intensive manufacturing growth, the government's 14th five-year plan — the latest set of growth targets and economic reforms set by the Chinese Communist Party, in 2021 — focused on orientating the economy toward its domestic market and investing in higher-value-add products. Instead of being an intermediate step in the global supply chain — importing raw goods and parts, using cheap labor to manufacture finished products, and then shipping that merchandise abroad — Beijing wants its own workers to produce those final goods and sell them to shoppers in its own country.


    This shift is imperative because so much of the Chinese economy is dependent on an ever growing population. Take the demand for real estate: In the past two decades, Chinese people have invested 70% of their wealth in real estate. In the US, that share is only 35%. The construction and real-estate sector accounts for roughly a quarter of China's total economic output. China builds like no other country: It has built entire cities from scratch, and it consumes half of the concrete produced worldwide. And China is apparently planning further growth: In 2017, 65 million empty apartments — enough to house the population of France or California — were waiting for young families.


    But how long will demand for real estate last? Who will move into the empty apartments when the population shrinks? What will happen to this massive industry when the number of Chinese consumers declines and there are fewer people to continue investing? And what will happen to the elderly Chinese people who have tied up so much of their wealth in their homes?


    A shrinking workforce wouldn't just hurt China's economy — it would have spillover effects for the US and Europe. China's manufacturing sector, for example, would likely struggle to maintain its recent growth streak. So in the coming decades, China's economy would not lift global growth rates as it has in the past. Productivity growth in the country could also stagnate. Economists have long tracked the correlation between population density and innovation — a larger population means a larger pool of potential entrepreneurs — so a shrinking population means China's ability to disrupt markets could decline as well. Taken together, China's slowing economy would have severe knock-on effects for the rest of the world.


    The trouble with closed borders


    China's population decline also serves as an omen for countries that have birth rates at or below the replacement level, such as the US and many places in Europe. Europe is facing the same demographic turning point as China — the continent's population is projected to decline by 21%, or 157 million people, by the end of the century. Nigeria is set to overtake Europe as the third-largest labor force later this century.


    Forecasted working-age populations

    Among today's largest economies, only the US has a projection of positive population growth, though at very low levels. But the projected growth is due not to increasing fertility but to immigration. Pew Research Center has estimated that in the second half of the century, one-third of the US population — more than 100 million people — will be migrants and their US-born children.


    And immigrants to the US punch above their economic weight. More than 40% of the 500 largest US companies were founded by immigrants or their children, from tech giants like Google to the wholesale chain Costco to the jeans brand Levi's. The influence of immigrants on American prosperity is not relegated to the startup scene; the story of the rags-to-riches millionaire — or at least of middle-class success — is repeated frequently. This is impressively demonstrated by a recent study that followed millions of parents and their children and found that the children of immigrants of almost every nationality achieved social advancement at least as often as their peers from nonimmigrant families. For immigrants at least, the American dream is alive and well.


    That said, immigration is notoriously hard to forecast and is increasingly politicized. But without an injection of immigrants, the working-age population in the US is likely to decline, harming the country's economy. But if American policymakers can keep the door open to new residents, the US will be one of the few industrialized nations that won't have to contend with a shrinking population, which could prove a decisive factor in its race against China for dominance in the global economy.


    2020 fertility rates

    The Great People Shortage is not an abstract threat — it has very real consequences. Already, many companies are facing major challenges in filling their open positions, especially in crucial industries like healthcare and education. And in the coming years, both in China and in the West, many more sectors and fields will struggle to find workers. The lack of train drivers, teachers, engineers, doctors, firefighters, nurses, and programmers will have more far-reaching consequences down the road. With fewer employees, companies will produce or perform less, resulting in fewer sales, less economic growth, and ultimately less prosperity for everyone. And in China, the problem exists on a far more dramatic scale. Unless nations manage to turn things around, the problem will only accelerate, and it could spell disaster for the economy.

    China's Declining Population, Worker Shortage Will Cause Global Economic Crisis

Page 102 of 125 FirstFirst ... 25292949596979899100101102103104105106107108109110112 ... LastLast

Thread Information

Users Browsing this Thread

There are currently 3 users browsing this thread. (0 members and 3 guests)

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •