“Due to reasons such as the high cost of childbearing and the difficulty for women to balance family and work, the Chinese people’s willingness to have children is almost the lowest in the world,” the report said. “It is no exaggeration to describe the current population situation as a...
TAIPEI--China’s population fell last year for the third straight year, its government said Friday, pointing to further demographic challenges for the world’s second most populous nation, which is now facing both an aging population and an emerging shortage of working age people. China’s popul...
Why are these population shifts a big long-run challenge for China? For the simple reason that even a modest-sized welfare state isonly feasibleif there is a traditional population pyramid, featuring ever-larger cohorts of young workers to finance the benefits promised to older workers. That’s...
Its population is aging fast as its one-child policy, begun in the 1970s, begins to bite. This, in turn, could lead to a huge labor shortfall by 2050, according to experts. China's workforce, those between the ages of 15 and 64, is expected to start contracting beginning in 2015. T...
China has the world’s largest labor market even though its working-age population is shrinking. The labor force (age 16+, and capable of working) stood at around 733.5 million in 2022. At the beginning of 2022, the number of employed people was around 402 million. ...
China's shrinking population would also drag down its economic growth and drive the wages up. According to China's NBS, the country's population decreased by 850,000 in 2022, with an annual natural growth rate was - 0.60‰, reflecting rising cost pressure on the labour market. PwC 7 As ...
Population aging in the People’s Republic of China (PRC) is mainly due to rapid fertility decline after 1970, a third of which was due to government
data from the National Health Commission (NHC) shows. The proportion of people over 65 has grown from 9.1 percent in 2011 to 14.2 percent in 2021, which means the working-age population is shrinking quickly. Dependency ratios are rising as the population ages, straining the country's pension...
China’s total population increased by 480,000 to 1.4126 billion in 2021. The United Nations predicts China’s population will start to decline this year when India overtakes it as the world’s most populous country. U.N. experts see China’s population shrinking by 109 million by 2050, mor...
A shrinking population is likely to be a drag on economic growth. In the first half of 2024, just 3.43 million couples got married, half the number recorded for the same period 10 years ago, according to the Ministry of Civil Affairs. On Saturday, state broadca...