May 18, 2021
CKGSB Assistant Professor of Economics Ling Zhong on CGTN on the challenges of an aging population in China
According to the 2020 once-a-decade population census, China is looking at a very different demographic scenario from when it carried out the birth control policies some four decades ago. Despite the relaxation of its one-child policy in 2016, China’s population grew at its slowest pace in decades. The average annual growth rate was 0.53% between 2010 and 2020, and its population aged 60 and over account for 18.7% of the total population, 5.44% higher than the level in 2010.
What problems will the aging population and slowing birthrate bring for China’s economy? How should policymakers address these issues? What lessons can China learn from developed nations? Dr. Ling Zhong, Assistant Professor of Economics at Cheung Kong Graduate School of Business (CKGSB), comments on some solutions.