The Implications of China’s Shrinking Workforce
China has the world’s largest population, however the country’s population is ageing, mainly due to the one child policy that has been in place since the late 1970s. Euromonitor predicts that the total population over the age of 65 in China will reach 221 million by 2020. As a result of this, China’s workforce is already starting to shrink, and the government is under pressure to shift the economic structure towards less labor intensive industries.
Watch on Youtube