World Business: Communist China at 60 02/10/2009

maj 24, 2011

World Business: New China, under the rule of the Communist Party, is now 60 years of age. And for the past two decades, the country has developed at such a rate that the once sick man of Asia is now the worlds third largest economy, powered by a working age population that grew much faster than the total population. But within a decade Chinas workforce will shrink a result of the controversial one child policy. And this is happening at a time of explosive growth in the number of elderly – many of whom, today, have little in the way of a social safety net. Reporter: Nick Mackie

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