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China's population 'to peak' in 2029 at 1.44 billion
Published on: 2019-01-11
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053 副本China's population will peak in 2029 at 1.44 billion before beginning a period of "unstoppable" decline.

The China Academy of Social Sciences (CASS) study says the country must implement policies to handle a smaller workforce and an older population.

050Both changes combined could cause "very unfavourable social and economic consequences", the report says. Latest UN estimates say China has a population of 1.41 billion.

In 2015 the world's most populous country ended its one-child policy in a bid to tackle the problems. Working population numbers were now stagnating, it said, with a low fertility rate set to cause further issues.

051By the middle of the century, China's population is expected to drop to 1.36 billion - a fall in the labour force of close to 200 million. If fertility rates stay low, the population could drop as low as 1.17 billion by 2065.

The study also predicted a rise in the dependency rate, meaning the proportion of non-working people like the elderly and children.

054While relaxing the one-child policy will help long-term, in the short term it will create more dependents, according to the report.

Previous forecasts reportedly suggest China's elderly population could hit 400 million by 2035, up from 240 million in 2017.

055China’s national post service unveiled a government-issued postage stamp in honor of the upcoming lunar year of the pig, the stamp features a smiling pig family with two parents and three little piglets, which some have interpreted as a sign that the government plans on lifting all birth restrictions.

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