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China's rising debt service costs constrain fiscal stimulus capacity
Financial Times·CN·about 7 hours ago
China's working-age population has peaked and is now declining due to the one-child policy and low fertility rates, reversing the demographic tailwind that drove decades of growth. This structural shift portends slower growth, rising dependency ratios, and potential social strain. The article frames this as a long-term challenge, though the exact timing and magnitude of economic impact remain uncertain.