mandag 1. mars 2021

China’s aging population is a bigger challenge than its ‘one-child’ policy, economists say

China’s decades-old one-child policy gained renewed attention in the last few weeks, after authorities gave mixed signals on whether they were closer to abolishing limits on how many children people can have. Authorities have rolled back the controversial one-child policy in recent years to allow people to have two children. But economists say other changes are needed for boosting growth as births fall and China’s population rapidly ages.

“There are two ways to address this. One way is to relax the birth control, something (that) will help on the margin, but even if they fully relax the control (it’s) probably difficult to reverse the trend,” said Zhiwei Zhang, chief economist at Pinpoint Asset Management.