Chinese Population
China's population will likely peak this year: Expert
Beijing: A key Chinese expert has said the country's population will likely peak this year.
Cai Fang, a member of the People's Bank of China's monetary policy committee, said it's "entirely possible" that the world's largest population will peak in 2022, according to a report in the 21st Century Business Herald, reports Bloomberg.
Separately, Yicai reported seven out of the 16 provinces that have so far disclosed birth data saw negative population growth in 2021.
With a declining labour force already acting as a constraint on the supply side of the economy, a shrinking population will become a new restriction on the demand side, Cai said at a press conference late Friday as quoted by Bloomberg.
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