|Germany Opens Doors for Chinese Workers|
|by Tom McGregor||Sun, Nov 4, 2012, 10:37 PM|
Despite the sovereign debt crisis in Europe, Germany has enjoyed stable economic growth. The nation can lay claim to a surplus of exports in trade, strong and stable infrastructure and a magnet for foreign direct investments.
Although major German corporations hold sizable market shares in the automobiles, beer and pharmaceuticals sectors, some problems appear to loom ahead on the horizon.
"Germany has a shortage of healthcare workers as it faces a severe aging population," as reported by the China Daily. "According to a report from its Federal Statistics Office, Germany's population increased to more than 81.8 million at the end of 2011, of which 21 percent was older than 65."
It added, "the percentage of its elderly population is estimated to reach 29 percent by 2030. The health expenditure per capita amounts to approximately 3,510 euros ($4,600) per year."
Germany's labor market is aging so it's in need of a stronger and more youthful workforce. A sudden rise in birthrates would not positively impact age demographics until a few years later.
To read the entire article from the China Daily, link here:
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