Insight
China economic focus August 2024: countering declining population
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
In the August China economic focus, we discuss China’s declining population and the government’s efforts to limit its impact on economic growth. Slowing urbanisation has contributed to the current economic downturn, and with a decreasing population, that may only get worse. And China plans to shift from quantity to quality drivers in urbanisation and economic growth. Developing less labour-intensive sectors will help ease the pressure from a shrinking labour force. The government has also extended the retirement age to offset the negative impact from declining working-age population.
Table of contents
- Executive summary
- Can government policy turn around the population trend?
- The demand side of the economy sees immediate challenges
- Counter the shrinking workforce
- Appendix
Tables and charts
This report includes the following images and tables:
-
China population forecast, 2024 update vs 2022 updateNumber of new babiesTotal fertility rate* comparison
-
Newly urbanised populationNumber of marriagesChina's population pyramid in 2023Expanded labour force in 2050Wood Mackenzie's proprietary China dataManufacturing PMIIndustrial production and retail salesTradeInflation
- 4 more item(s)...
What's included
This report contains:
Other reports you may be interested in
Insight
Global economic outlook Q1 2026: pushed and pulled
Economic headwinds set to pull global growth lower in 2026
$1,150
Insight
China economic focus January 2026: will the government save the economic downturn?
The Chinese economy will continue to be under pressure in 2026.
$1,150
Asset Report
Junggar Basin (Remaining PetroChina)
Junggar is an intermontane basin in the remote northwest of China and is part of the Xinjiang Uygur Autonomous Region.
$3,720
