Overestimated China

I think China is overestimated (but I might be wrong - just as my grandfather was when he said that the internet was not going anywhere).

China is going through a rapid aging process. This means that "[...] local governments across the country will have to cope with a fast-rising population of retired people whose pensions, if any, will have to be paid for by contributions from a shrinking working population." The chinese one-child policy might be reconsidered in next few years (here).

The demographic factors that would support China's economic growth are most likely to become a demographic trap.

bonus track: China’s New Housing Agenda (lessons to learn?)
bonus track 2: (updated): More on China's demographic trends here

[Image credit: Chinese American Aging Issues]