How does aging population affect the economy in China?

China’s aging population has led to a contraction of the labor force that induces a slowing economic growth. In 2017, China’s total working-age population (aged between 15 and 64) was 988.3 million, which dropped by a large margin of 70 million from the end of 2016.

How does China control population growth?

The above nation had fears, that its population growth would hinder economic development, hence in 1979; the Chinese government has implemented one of the crucial policy in order to control its increasing population, a one child per family policy.

What is ageing population in economics?

A change in the age structure of the population within a country, a rising average age and a growing number of people living beyond the standard working ages. Population ageing happens when the median age of a country or region rises due to rising life expectancy and/or declining fertility rates.

How will China’s aging population affect the economy?

In combination, a declining labor supply and increased public and private spending obligations will result in an economic growth model and a society that have not been seen in China before. Japan’s economic stagnation, closely related to the aging of its population, serves as a ready reference.

What are the social consequences of China’s rapid growth?

Internally, China is facing major social consequences stemming from the confluence of rapid growth – often fuelled by people moving from rural areas to cities – with a rapidly ageing population.

Is overpopulation the root cause of all problems in China?

This is so in part because China still has the world’s largest population and its population is still growing. It is also due in part to a continued tendency in China and elsewhere to believe that overpopulation is the root cause of all problems.

Is China the most ageing country in the world?

‘China represents one-fifth of the world’s population and has probably one-quarter of the world’s people aged 60 and above’ The rate of population ageing this century will be greater than any other.