China Grapples With Economic Headwinds Due To Aging Population
The Business Guardian|July 05, 2024
China’s shrinking population poses significant challenges for its economy, including a reduced labor force and pressure on fiscal policy.
China Grapples With Economic Headwinds Due To Aging Population

According to Darren Tay from BMI Country Risk & Industry Analysis, the rapid decline in China’s working-age population could lead to a 1% annual drag on GDP growth over the next decade, based on estimates from United Nations population data.

The Economist Intelligence Unit has highlighted the immediate and worrisome fiscal strain resulting from China’s aging population.

“Economic growth hinges on productivity, capital accumulation and labour inputs. The negative effect of an adverse demographic landscape will manifest primarily through a shrinking workforce,” according to the report published in January.

この記事は The Business Guardian の July 05, 2024 版に掲載されています。

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この記事は The Business Guardian の July 05, 2024 版に掲載されています。

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