China is rapidly decelerating economically because it got old so fast [3], and most of the world outside of India and Africa isn't far behind [4] [5]. TLDR Capitalism is running out of young productivity to squeeze for profits.
[1] https://news.ycombinator.com/item?id=37052550
[2] https://www.cnbc.com/2021/10/18/the-wealthiest-10percent-of-...
[3] https://www.axios.com/2023/08/26/chinas-slow-moving-economic...
[4] https://www.who.int/news-room/fact-sheets/detail/ageing-and-...
[5] https://www.imf.org/en/Publications/fandd/issues/Series/Anal...