Craig Botham, chief China economist at Pantheon Macroeconomics, gives it five to 10 years before demographics and slowing productivity growth become major headwinds for China.
But to paraphrase a famous 19th-century remark, when China sneezes, the world's economy catches a cold. Through the Belt and Road initiative, China has invested more than $480 billion in construction projects around the world since 2005, according toIn developed economies, the impact may be less direct but no less worrying.
中国的出生率创历史新低。这可能会动摇世界经济。
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