WSJ’s Jason Dean speaks to Dr. Fred Hu, managing director of Goldman Sachs Group, about the biggest challenge in China's recovery, at the China Financial Markets conference. He also discusses what China needs to do to sustain its growth.
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1) Population in China: Until recently, Chinese families did not much alter their fertility depending on life events such as deaths of children. However, under government prodding and eventually coercion, fertility dropped drastically in China in the 1970s, but to counteract momentum, the One-Ch...
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Prior to Malthus, population growth was seen as good for the power and wealth of a country. The rapid population growth of America was crucial in expelling England (via the Revolution) and France (via the Louisiana Purchase) from the US. But in fact, the numbers of the poor were growing in Europ...
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Census data is often politically influenced and hence inaccurate. The birthrate in developing countries is nearly twice that in developed countries. Most humans live in less developed countries, so the world birthrate is near the higher number. The world birthrate is two and a half times the dea...
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Until recently, the world population has been growing faster than exponentially. Although the growth rate has slowed somewhat, there are about 80 million more people each year and about 3 billion more will be added by 2050 (a 50% increase). Population will probably increase more beyond that. Suc...
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China wasn’t the epicenter of the financial crisis, but it runs the risk of creating asset bubbles as it hurries toward recovery, according to Dr. Fred Hu, managing director of the Goldman Sachs Group. WSJ's Jason Dean spoke to Hu about the subject.
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