So, according to the OECD, Chinese total population is 15 years from peaking...and round tripping to today's levels by 2050 (remind me again, who's going to buy those 100 million vacant apartments in those Chinese ghost cities?).
But one look at the below chart, and you should get a very good idea why the Chinese consumer and credit driven economy is crashing NOW!!! The number of young (40yrs/old and under) has already peaked and is in steady decline...while the peak number of old (40+ yr/olds) Chinese will not occur until 2038. The crossover point for China when more are "old" than "young" will occur in about a decade, 2026.
However, all these projections are based on happy GDP and global growth taking place incenting family creation...but the current Chinese and global economic performance will almost surely further inhibit birth rates and further reduce the numbers of young exacerbating the economic future of East and West alike.
Of course central bankers believe they can create more credit to make up for the declining growth or outright contraction of consumers and overall demand...but fewer young more highly indebted with more elderly to care for is not the recipe for inducing growth. Chinese credit has mushroomed by 14x's since '00 from $2 trillion to $28 trillion trying to pull demand from the distant future to hide that which was centrally determined to be lacking now...but now it's all falling apart.
But China isn't alone...as highlighted recently, the chart below of demographic and population changes for the entire OECD shows the collapse of the "young" across the developed economies is endemic. And like a broken record, this is declining numbers of young who are working, consuming, tax paying and all net population growth is in the "old"...moving into retirement while reducing spending, slowing consumption, deleveraging, and offering minimal taxable income while taking maximum state benefits.
And for those not familiar with the 34 OECD nations demographic make-up (Organization for Economic Co-Operation and Development)...it's the opposite of growth (aka, decline).
Or nations represented...