What are the implications of China's shrinking and ageing population?
Join us for another Doing business with China webinar presented by Dr Xiujian Peng. Her recent article, China’s population is about to shrink for the first time since the great famine struck 60 years ago. Here’s what it means for the world attracted 250K views worldwide and this is an event you don't want to miss.
China’s population is about to shrink for the first time since the great famine struck 60 years ago. It will decline from this year at an annual average rate of 1.1% and reach less than 0.6 billion in 2100, less than half of its 2021 level based on the projection prepared by the Shanghai Academy of Social Sciences. Meanwhile, accompanying the declining population is the rapid population ageing. China’s workforce in 2100 will be less than one-third of its peak in 2014. Meanwhile, the elderly population will keep climbing and alarmingly surpass the working age population. Currently, every 100 working-age people support 20 elderly people. But by 2100, 100 workforce members will have to support 120 elderly.
This workshop will discuss the implications of the shrinking and ageing population will have not only for the Chinese economy but also for the rest of the world. It will also present the policy options that the Chinese government could take to mitigate the negative effects of the shrinking and fast ageing population.
Time & Date: 1.00-2.00 PM, Wed., 14 Sept 2022
Delivery mode: Online via Zoom (Link will be sent on the day)