China’s Demographic Crisis Creates Opportunities for Pharmaceutical and Biotechnology Sectors

China is on track to become one of the world’s fastest-ageing economies, leading to concerns about future productivity and the growing gap between the working and retired populations. According to a report by Goldman Sachs, Hong Kong and mainland China are projected to rank among the top 10 most ageing economies by 2050, with Hong Kong expected to be first and mainland China eighth. This shift is based on the countries’ old-age dependency ratio and fertility rate. The pharmaceutical and biotechnology sectors are identified as potential winners in light of this demographic shift, while carmakers and technology hardware manufacturers may…