China’s birth rate has hit a record low. That could shake the world economy.
- A demographic crisis is rumbling in the world’s second-biggest economy, with China’s birth rate at a record low.
- It stands to destabilize a key engine of the world economy, and could shake China’s closest economic partners.
- It could also push up global inflation as the well of cheap goods and low-wage workers dries up.
It’s been a rocky year for the Chinese economy, what with the Evergrande crisis and COVID cases shutting down ports.
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