Ask any cab driver in Beijing, and they can tell you without hesitation what ails their country: China just has too many people, they will say with a sigh.
But economists disagree, and as the population reaches a turning point — the number of entrants to the workforce may peak this year – the country is set for a difficult adjustment, with growing labour market pressures bearing on the workshop of the world.
That is a transition that China’s neighbour, India – set to overtake it as the world’s most populous nation in 2025 – hopes to capitalise on, as entrants to its labour market will rise annually for the next 14 years.
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