China’s population will ‘peak’ at 1.44b by 2029

THE number of people living in is expected to reach a peak of 1.442 billion by 2029 before spiralling towards an “unstoppable” decline in 2030, a recent study found.

According to the Academy of Social Sciences (CASS), the world’s most populous country will be facing a declining labour force and a rapidly ageing , requiring the government to draw up policies to cope with the phenomenon.

In its “ Book of and Labour” report, the CASS said growth in the working has stagnated and the rising number of the ageing will have a far-reaching impact on social and economic development in the country, Reuters reported.

SEE ALSO: Populism, Asian style: 40 percent of the continent under populist governance 

The challenges in addressing the ageing population will also be compounded if fertility rates remain low.

“From a theoretical point of view, the long-term population decline, especially when it is accompanied by a continuously ageing population, is bound to cause very unfavourable social and economic consequences,” the report said.

shutterstock_103446224

Crowd at Nanjing Road in Shanghai. With just over 1.3 billion people (1,339,724,852 as of 2010 census), China is the world’s most populous country. Shanghai, Aug. 30, 2009. Source: Shutterstock

Falling back

China’s population is expected to go downwards to 1.36 billion by the middle of the century, the report said, adding the workforce could fall by as much as 200 million.

You may also like:  Is the digital revolution adding to Asia Pacific’s water problems?

It said the population could fall to 1.17 billion by 2065 if fertility rates remain unchanged.

In 2016, the country relaxed the controversial “one-child policy” aimed at limiting population growth, allowing all couples to have two children.

SEE ALSO: Beijing’s population fell for the first time in 2 decades 

Despite the move, the country’s birth rate fell by 3.5 percent in 2017 and is estimated to have fallen again in 2018.

And for the first time in more than 30 years in 2011, the country’s “dependency rate” – made up of non-working citizens such as the children and elderly in the overall population – was widely predicted to increase over the span of decades.

According to the BBC, previous forecasts suggested China’s elderly population could hit 400 million by 2035, up from 240 million in 2017.

The post China’s population will ‘peak’ at 1.44b by 2029 appeared first on Asian Correspondent.

Share this

Ads Blocker Detected!

We show Ads on Ajibotic.com to help fund its maintenance. Ad revenue is only Our Source Of Income. If you like our News Website  please support our efforts by allowing ads on our site.

Thank You!

Close