You know who should be terrified by that rate? Us.

China's one-child policy is finally starting to hit, and its population is actively shrinking. At the moment China is not in a crisis yet, as its GDP is still growing quite well - so clearly there's plenty of economic activity.

So if a lot of old people are now retiring, and the young can't find jobs, who is doing the work? China is still a factory powerhouse, so who's screwing together the gadgets?

The answer is that they have been pushing heavily for automation, and it is working. Our biggest chance of beating China on a free market was domestic automation versus cheap overseas labor - but they have gotten there first. And that should be absolutely terrifying you.