Aging Population Could Trim 3% off China GDP Growth
As we know, for the past 20 years, china’s GDP has grown fastly which it looks more like a rich nation. Recently, due to the working-age rises, it’s bad news for China. This report shows working- age represents economic risk of China include economic-plus of the one-child policy.
China’s working age populations has risen,which helped many young people incomes, as they left rural areas. That was the economic-plus of the one- child policy. Moreover, the share of the working-age population will decline in china. Those of working age had fewer responsibilities to care for little kids or aged parents.
In conclusion, this report estimate that China’s growth ceiling over the coming two decades is 6.9% annually. There are measures help China ease the problem that people work longer and use more automation.