China’s housing boom is on shifting demographic sands

China need only look to Japan to see how demographic pressures can drag down economic powerhouses. But unlike Japan, there's a danger China might become old before it becomes rich.

Japanese health minister Chikara Sakaguchi said rather melodramatically in 2002 that "if we go on this way, the Japanese race will become extinct", referring to the country’s exceedingly low birth rate and rapidly ageing society.


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