Beijing announces a third-child policy to tackle China’s ageing population, here are the economic implications
On May 31st 2021, China announced the introduction of its third-child policy, concluding its previous two-child policy set in 2016. Facing a dwindling young labour force and rising elderly population, China’s third-child policy was implemented in hopes of reviving the country’s current demographic crisis, with last year leading to just 12 million babies born in […]
China’s population and changing demographics: Based on the 2020 Seventh National Population Census
According to data from China’s Seventh National Population Census released in May 2021, the country’s population reached 1,412 million in 2020, but with only marginal growth in the past decade. Notably, the age group of 60 and over has expanded significantly, up by 5.44% from the 2010 census, reflecting an ageing society in China. This […]