The economic decline is going to be very difficult for China, I think. China is still an overwhelmingly export-oriented economy, and as world economic conditions worsen, they will worsen in China as well. There will be a lot of political implications to this, and I think Xi Jinping is gearing up for them. As for demography, by 2035 there will be only three point something working individuals for every elderly person in China. No public pension system in the world could withstand that kind of strain. That is why Xi Jinping is trying to download the responsibility back onto children, as it traditionally was. There are people—
On October 18th, 2022. See this statement in context.