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China recently announced plans to loosen its infamous one-child policy.
As the country grows richer and the pace of population growth slows, the country has a new demographic concern: underpopulation. Specifically, it has reason to be worried about getting old before it gets rich, and a high dependency ratio (lots of old, retired people being supported by a workforce that isn't big enough).
To visualize China's challenge, Bloomberg Global Head of Economics Michael McDonough created this chart comparing Japan's demographics now to China's in 2030. The distribution of population by age looks very similar.
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