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Sun, 18 Apr 2021 15:00   Sidney Leng

China facing economic crisis as population peak nears, PBOC adviser says

China’s population is set to peak in just four years’ time and the milestone will be marked by a significant downturn in consumer demand, an adviser to the central bank has warned.“When the total population enters negative growth [after 2025], there will be a shortage of demand,” Cai Fang, a member of the monetary policy committee of the People’s Bank of China (PBOC), was quoted as saying in a report by Shanghai Securities News on Friday.“We need to pay attention to the impact of demographics…

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