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Low birthrate and aging population pose serious threat to China's economy | DW News
Posted
October 18, 2022
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October 18, 2022
103,654
1,310
668
1.91%
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5:45Now PlayingThe Communist Party Congress is in full swing in Beijing and Chinese stocks are up that as Premier Li Keqiang vows to support economic growth. He made the remarks at the ongoing congress and just a day after China delayed the release of economic indicators scheduled for publication this week, including its third-quarter GDP data. Investors are closely watching the congress where the party's General Secretary Xi Jinping is expected to be given a third term in office.
Despite government leaders stressing that things are looking up Chinese economic growth has recently faltered. For a long-term boost, state and party leader Xi Jinping is relying on domestic consumption However, there's a problem. China's population is ageing last year, roughly 18 percent of the population were younger than 14. And 13 percent were older than 65. The United Nations expect a significant shift by 20-50. By then only 11 percent of Chinese will be under 14 and seniors over 65 will make up a full third of the nation's population.
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