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China's one-child shift will first drain workforce

from The Wall Street Journal

China's easing of its notorious one-child policy may help toy makers and tutors. But it won't boost China's overall economy for the next 15 years, economists say — and in some ways will deepen economic problems as care for the additional babies will remove more people from the workforce. That complication comes at a time when China faces a steep, irreversible shift in demographics: Its working-age population is set to start declining rapidly as a share of the population after a peak in 2015, according to United Nations estimates. more

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