Thursday, January 27

China's economy overvalued?

Citing Business Week (31 January, p.47) Tyler Cowen notes:
  • Percentage of Chinese workers who have no pension, private or public: Eighty percent
  • Expected ratio of workers to retirees, circa 2030: Two-to-one
  • Projected shortfall of the Chinese national pension system by 2033: $53.3 billion

No comments: