Elderly people walk along the beach in Sanya in China’s Hainan province in February 2017. The island province is fast becoming known as “China’s Florida”, drawing masses of retirees fleeing the biting cold of their hometowns. Photo: AFP
Patrick Zweifel
Opinion

Opinion

Macroscope by Patrick Zweifel

Trade war is pushing China to make the market reforms it needs to cope with its ageing population

  • With the US withdrawing from its role as global financial leader and the renminbi gaining traction, China should cement its position with deep reforms so it can attract the capital it will need to deal with a current account deficit caused by demographic factors

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Elderly people walk along the beach in Sanya in China’s Hainan province in February 2017. The island province is fast becoming known as “China’s Florida”, drawing masses of retirees fleeing the biting cold of their hometowns. Photo: AFP
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