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History, 04.08.2019 09:10 ambriaramirez8

Reword this ? a rapidly aging population: china will be the first major economy to go gray before it gets rich, placing huge strains on working-age people who will have to effectively pay for pensions and healthcare for a disproportionate number of non-working elderly citizens. for a nominally socialist country, the weave of china's social safety net is woefully loose, and badly frayed in parts--most notably the healthcare system. this is often cited as a major cause of the high savings rate--something that chokes off consumption and contributes to the imbalance in china's economy

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