The rapid decline will have a profound impact on economy.
The Shanghai Academy of Social Sciences team predicts an annual average decline of 1.1% after 2021, pushing China’s population down to 587 million in 2100, less than half of what it is today.
China’s elderly population is expected to continue to climb for most of that time, passing China’s working-age population near 2080.This means that while there are currently 100 working-age people available to support every 20 elderly people, by 2100, 100 working-age Chinese will have to support as many as 120 elderly Chinese.The annual average decline of 1.73% in China’s working-age population sets the scene for much lower economic growth unless productivity advances rapidly.
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