Economics
China's Aging Population Bad for Innovation, Says Ctrip's Liang
- China still has one of the lowest fertility rates in the world
- Bigger cities can help to drive more entrepreneurial activity
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China’s restrictive one-child policy, only recently partially relaxed, has saddled the country with a rapidly aging population, shrinking workforce and financial burden for years to come.
Less obvious is the drag an aging population has on things like innovation and entrepreneurship, argues James Liang, chairman and founder of Ctrip, China’s largest online travel agency, in his soon-to-be published book, "The Demographics of Innovation.”