China's silver tsunami set to take toll on economic growth

Number of 18- to 30-year-olds shrank 30 million in three years

China elderly 20200118 Reuters

Residents dance for daily exercise at a city square in China. The working-age population is aging fast, putting downward pressure on the economy. © Reuters

ISSAKU HARADA, Nikkei staff writer

BEIJING -- China's slowing economic growth owes largely to the trade war with the U.S., but its aging population has also dragged down personal spending, a trend that will likely force the world's second-largest economy to confront head-on a problem bedeviling many developed nations.

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