News Snapshot:
China’s biggest economic challenges are a result of population change and authorities must look for long-term solutions to the structural problem, two senior Chinese officials said after making a rare translation of a Western book on demographics and macroeconomic development. Vice-finance minister Liao Min and Miao Yanliang, chief economist at the State Administration of Foreign Exchange’s investment centre, spent months translating The Great Demographic Reversal: Ageing Societies, Waning Inequality, and an Inflation Revival , which analyses the problems caused by ageing populations – a pressing concern for China . The book, written by Charles Goodhart and Manoj Pradhan, was published...
