This decline has arrived earlier than expected. As a manufacturing, labour-focused, middle-income economy, the aging population and availability of limited welfare have substantial social consequences. President Xi Jinping wants to increase birth rates by reducing child-rearing costs to arrest population decline.


Chad De Guzman writing in Time, makes the following points:
  • By 2035, 400 million people (over a third of the current population) will likely be over 60.
  • The post-WW2 population grew from around 540 million to 969 million in 1980 when the one-child policy began.
  • Automation and employment in the knowledge economy are likely an issue.
  • A shrinking manufacturing labour force may increase the prices of Chinese goods and cause inflation overseas.


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