Interview with Dr Wen Tiejun

Agricultural economist Wen Tiejun won his fame not as a theory maker, but as the creator of China's first free farmer's training centre - the Yanyangchu Countryside Construction Institute in Hebei Province. Wen is a senior research fellow with the China Society for Economic Reform and the chief editor of the journal China Reform. A prolific researcher of rural economies and rural affairs, Wen is never satisfied with developing new theories. He bases his research on massive field investigations...

Demographic dividend The flip side

Chindia is not only home to nearly two-fifths of the world's population, it is also the fastest-growing region in the world. As the rest of the world grows older, Chindia will stay relatively young and will continue to enjoy over the next 25 years a period where its workforce supports less than 30 retirees per 100 workers, Chindia's response to structural challenges is important to future growth Source UN Population Division, CLSA Asia-Pacific Markets Nearly 50 of India's population is below 25...

The shape of things to come

Chindia The Shape Things Come

Global economic power has gradually, yet steadily begun to gravitate towards China and India, or 'Chindia'. In the past 10 years, Chindia's economy enjoyed a 9.2 Cagr much higher than the 2.8 global Cagr and its share of world trade and services jumped threefold. With this growth, Chindia now accounts for 25-30 of the world's consumption of major mineral resources. The base has now grown to a size, critical enough to influence the supply, demand and prices of several products, commodities,...

China through Indian eyes

A few words on the local people and the workforce, which seemed to be diligent and hard working. Even as we walked into the shop floors, rarely would anyone stop working to look at visitors. People in general are very disciplined and this was evident at every step. There is an obsession with cleanliness and streets, parks, sidewalks and shop floors were squeaky clean. Our guides were friendly and spoke to us openly. This was unlike a decade and a half back when people would be scared of...

Demographic dividend The big impact

Over the next five years, we estimate that about 50 of Chindia's population will be in the 15-49-year-old age group and, with rising per capita incomes, will consume an increasing share of goods and services. By 2010, there will be about 1.4 billion people in this age group -productive and consuming see figure on the next page . This is 4x the population of the US and 8x the population of Japan today. Additionally, as Chindia's economy grows, the size of the super-rich consuming class will also...