A fascinating look at China's demographic cliff, which is substantially more challenging than even in most rich countries. China will be the first large country to face a rapidly aging population without a majority having reached the middle class. Put differently, its population is aging more quickly than its economy is growing, which is never good.
Among other factoids, China's labor force peaked three years earlier than forecast, and is at the beginning of a long decline. Not only will that make China a much less interesting place to move labor-intensive manufacturing (it already being less interesting for energy-intensive manufacturing), but one is compelled to wonder whether it will be quite as large a customer as many were originally hoping.
Fortunately, there is always India.