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China Could Get Old Before It Gets Rich, Jefferies Says
Posted
September 10, 2021
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4:57Now PlayingSep.09 -- Simon Powell, global head of thematic research at Jefferies Financial Group Inc., discusses the changing demographics in China and the implications for the economy. According to Jefferies, the number of babies born in China this year may drop to the lowest since at least 1950, and that is one of the reasons why the government is cracking down on industries like education to bring down costs and promote bigger families. Powell speaks with Rishaad Salamat and David Ingles on the sidelines of the Jefferies Asia Forum on "Bloomberg Markets: Asia."
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