China’s weak population growth is nearing zero as fewer couples have children, adding to strains on an aging society with a shrinking workforce.
China approves plans to exert more power over Hong Kong, compete with the U.S. in technology and bolster Mandarin-language education.
The decline in the working-age population “will place a cap on China’s potential economic growth,” Yue Su of the Economist Intelligence Unit said in a report. That is a “powerful incentive to introduce productivity-enhancing reforms.”this year following a rebound from the COVID-19 pandemic. The ruling Communist Party wants to double output per person from 2020 levels by 2035, which would require annual growth of about 4.7%.The numbers reported Thursday reflect a gain of 11.
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