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China needs to boost productivity given 'demographic challenge,' says economist
China is facing a demographic problem and needs to boost its productivity for growth, said David Mann, chief economist for Asia-Pacific, Middle East and Africa at the Mastercard Economics Institute. “You need to see the productivity side pickup exactly because of the demographic challenge,” he told CNBC’s “Squawk Box Asia” on Monday. “If you go back 10, 20 years in China, you had so much of growth coming purely from just more people showing up each year — that labor contribution rather than capital or productivity.” “Now, you need the productivity,” he said, underlining Beijing has to make sure ... (full story)