China’s population likely to start shrinking from 2030

China’s population likely to shrink from 2030- News – NHK WORLD – English

China’s population, the world’s largest, is expected to start shrinking in 2030 after reaching a peak a year earlier.

The state-run Chinese Academy of Social Sciences made the projection in a report on the country’s population and labor. The report says that the population is expected to grow from 1.39 billion at the end of 2017 to a peak of about 1.44 billion in 2029. The paper also says that China will likely see continuous negative growth from 2030 with the population standing at about 1.36 billion in 2050 and some 1.25 billion in 2065.

Under the new Chinese policy, married couples are now allowed to have two children.The report also warns that the government should take measures to address the issue of the low birthrate and aging society as a shrinking labor pool may impact the Chinese economy.

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