But Wang Feng, a professor at the University of California at Irvine, said the demographics ultimately threaten the government's political hold because it will no longer be able to afford social payments to the public. "By our estimates, public spending on basic social welfare provisions, education, health care and pensions, will eat up the entire government fiscal revenue, as its current share of GDP, in the coming decades," Feng tells Axios.

For the full story, please visit https://www.axios.com/demographics-decide-us-china-rivalry-64ef68fb-b34e-4216-870b-0a6cf0d8b946.html.

 

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