CHINA-ECONOMY

In a communique issued on February 28, China's National Bureau of Statistics (NBS)  provided data on the demographic challenges for the country. Caixin reported that China's employment population has shrunk for the first time ever. It said that as per national census data at the end of 2018, the number of people employed fell to 776 million, a drop of 540,000 from 2017. The working-age population, or people between the ages of 16 and 59, also shrank — for the seventh consecutive year, was down a total of 2.8% from 2011 to 2018, clearly showing that China’s population is aging rapidly. Separately, the official Global Times reported the population aged 60 and above in China has for the first time surpassed those under 15. According to the  NBS statement ... the population of China was about 1.4 billion at the end of 2018. Among them, the number of people aged 15 and under is 248.6 million; those who aged 60 and above are 249.5 million.





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