watermelonwonto
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reword this please?




A rapidly aging population: China will be the first major economy to go gray before it gets rich, placing huge strains on working-age people who will have to effectively pay for pensions and healthcare for a disproportionate number of non-working elderly citizens. For a nominally socialist country, the weave of China's social safety net is woefully loose, and badly frayed in parts--most notably the healthcare system. This is often cited as a major cause of the high savings rate--something that chokes off consumption and contributes to the imbalance in China's economy

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A quickly again population: China is going to be the first major economy to go dull before if gets rich, putting huge strains on people in the working age who are going to have to pay for health care and pensions for a disproportionate number of elderly citizens who do not work. For a nominally socialist county, the weave for china's social safety is very loose and horribly frayed in some parts. Most notably their healthcare system. This can be often cited as a major cause of the pretty high savings rate. Something that often chockes off consumption and adds to the imbalance in China's economy.