Before we start:
Gross Domestic Product (GDP) = Productive population growth + Productivity growth + Debt growth.
Some charts showing the issues China faces in the near future.
Chart 1 - Falling consumer assets effects family wealth and confidence to have more children and or take business risks. Point: Lack of human population growth hurting GDP growth.
Chart 2 - The Chinese 'one child' policy is coming home to roost. Working age population forecast to crash in the next decades. Point: Lack of human population growth hurting GDP growth.
Reference X :
Chart 3 - If China's GDP is forecast to suffer while debt is already near 100% of GDP, then China needs assets on the balance sheet to move higher in value. China needs a higher gold price. Michael Howell of Cross Border Capital explains why in the video below (2nd half).
China knows it has a population problem. China is trying to over come the population short fall with millions of humaniod robots. If these robots can complete human tasks then production growth will follow.
This will be the new formula for GDP in the sci fi world coming.
Gross Domestic Product = Productive population growth [Human + AI Agents + Robots] + Productivity growth + Debt growth + Energy density + Compute efficiency.
hat tip: Raoul Pal of Real Vision
If China can not be productive (like Japan post the Asian crisis of 1998) then serious economic and political issues will explode inside China.
Original Post: https://ift.tt/b9mTQue
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