> They’re still growing by a lot. It just moves the date by a few years.

The problem is that their average age moves up, and productivity decreases as people hit or near retirement. Unless China starts opening up to immigration (not impossible), they are going to be Japan without being rich yet.

> I rarely hear about the doom of Europe which has worse demographics.

Europe has immigration. China does not. If China is willing to embrace e.g. the African aspiring immigrants who have come to Guangzhou in recent years, things could change quickly, but I'm not really seeing. Japan did not, and that's why you can get a house for a reasonable price in Tokyo these days.

> Demographics can be topped up using immigration. Without immigration the US would also be in demographic decline.

There is a reason people move to the US. Good luck to the CCP attempting to reproduce that.

Western/Northern Europe have somewhat better demographics, thanks to immigration. Eastern Europe is in a deep demographic pit but is still recovering from poverty so it has a lot of room for economic growth still (and buoys up Western Europe).

Doom of Southern Europe, however, is talked about quite a lot.