Folks stroll alongside Nanjing Pedestrian Street. Image credit ( Reuters )
China’s inhabitants is rising at its slowest tempo because the Sixties, with falling births and a greying workforce presenting the Communist Get together with one among its gravest social and financial challenges. Figures for a census performed final yr and launched on Tuesday confirmed the nation’s inhabitants at simply over 1.4 billion individuals, about 72 million greater than the 1.34 billion who had been counted within the final census, in 2010.
Solely 12 million infants had been born in China final yr, in line with Ning Jizhe, the pinnacle of China’s Nationwide Bureau of Statistics, the fourth yr in a row that births have fallen within the nation. That makes it the bottom official variety of births since 1961. The figures present China faces a disaster that might stunt development on the earth’s second-largest economic system. China faces aging-related challenges however its households reside on a lot decrease incomes on common than US and elsewhere.
Beijing is now beneath higher stress to desert its household planning insurance policies; overhaul an financial mannequin that has relied on an enormous inhabitants and a rising pool of employees; and plug yawning gaps in well being care and pensions.
The brand new determine places the common annual development fee at 0.53% over the previous decade, down from 0.57% from 2000 to 2010. This leaves it heading in the right direction to be surpassed by India because the world’s most populous nation in coming years. They confirmed the inhabitants is growing old quickly. Folks over the age of 65 now account for 13.5% of the inhabitants, up from 8.9% in 2010.