Ageing threatens China economy

China's position as the world's major supplier of low-cost labour could be eroded by an ageing population, the authorities have warned. There are six workers for each retiree in China, but that could narrow to two-to-one between 2030 and 2050, the National Committee on Ageing says. Officials say the economy will suffer as there will be fewer people working and more older people to support.China's low-cost labour has provided the base for its economic growth. Improved living standards and strict family planning laws have contributed to the demographic change."We might encounter the heaviest burden especially after 2030... BBC