The one-child policy was based on some faulty science and had, as an ambition, reining in Chinese population growth, so as to enhance the per capita wealth of the country.
Howard W. FrenchWe're seeing China push very hard in its immediate neighborhood, particularly in the maritime zone surrounding China, to kind of create a security zone for itself, trying to lock in the territorial and maritime gains that it can now, before a period of much more difficult choices arises some time in the 2020s.
Howard W. FrenchThe reason the United States is not aging rapidly in terms of its demographics is because we accept people as newcomers to this society in numbers that far surpass any of our major peers or rivals.
Howard W. FrenchChina, the world's most populous country, 1.3, 1.4 billion people, will in the next decade or so have to begin looking for people outside of China.What does this mean? China will have to become a much more welcoming society. It means that China will have to attract immigrants from other countries in order to slow the aging of the population.
Howard W. FrenchSoon numbers of Chinese people will exit the work force, and the Chinese work force, which has already begun to shrink, will shrink in a vastly accelerated way. And so China's going to face huge retirement costs and Social Security costs, health care costs, related to this immense aging of the population.
Howard W. French