China's birth rate has hit a record low. That could shake the world economy.
Craig Botham, chief China economist at Pantheon Macroeconomics, gives it five to 10 years before demographics and slowing productivity growth become major headwinds for China.
But to paraphrase a famous 19th-century remark, when China sneezes, the world's economy catches a cold. Through the Belt and Road initiative, China has invested more than $480 billion in construction projects around the world since 2005, according toIn developed economies, the impact may be less direct but no less worrying.
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