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 16 images and tables including:
- China population forecast, 2024 update vs 2022 update
- Number of new babies
- Total fertility rate* comparison
- Newly urbanised population
- Number of marriages
- China's population pyramid in 2023
- Expanded labour force in 2050
- Wood Mackenzie's proprietary China data
- Manufacturing PMI
- Industrial production and retail sales
- Trade
- Inflation
- Property
- Investment
- Money supply (M2)
- Required reserve ratio
What's included
This report contains:
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