As China increases its retirement age for the first time in decades, Focus looks at the reasons driving the change – and what it means for businesses in China The Standing Committee of the National People’s Congress, China’s top legislative body, announced on 13 September 2024 that the country would gradually increase the retirement age for men from 60 to 63, for women in white-collar jobs from 55 to 58, …
population
Raising a child in China is more expensive than almost anywhere else in the world. How did China’s childcare costs get so high, and what does this mean for the country’s future? Beijing-based think tank YuWa Population Research has estimated that the average cost of raising a child to the age of 18 is RMB 538,000 (£58,900), more than six times China’s GDP per capita*. The report found that only …
China’s latest demographic data was released by the National Bureau of Statistics on 17 January, showing that the country’s population fell for a second consecutive year. The latest data reinforces fears about the challenges a declining population will pose for the world’s second-largest economy, which has long relied on a plentiful and ambitious workforce to fuel its industrial and economic growth. The population decline of 0.15% – or 2.08 million …
- Environment
Are climate concerns discouraging the Chinese from having children?
by James Brodieby James BrodieDespite efforts by China, the UK and numerous other countries to mitigate the effects of climate change, the fallout from the rise in global temperatures will affect future generations regardless. Are young educated Chinese people more concerned about having children as a result? In recent years, the concept of reproductive climate concerns has gradually ignited public debate and attracted academic attention around the world. The issues fall under the umbrella …
Fewer Chinese people are choosing to have children, creating both opportunities and challenges for businesses in China across consumer and finance sectors and beyond Newly-released official data shows that China’s birth rate has fallen to its lowest level since records began. According to the 2022 edition of the China Statistical Yearbook, just 10.62 million babies were born in China in 2021 and 13 provinces reported negative population growth, including the …
Although the 2020 China census showed a 5.4% population increase to 1.41 billion, China’s population growth rate was the lowest in years and births fell for the fourth year in a row, writes Robynne Tindall The Chinese National Bureau of Statistics released the results of its once-in-a-decade census on Tuesday, 11 May 2021. The Seventh National Population Census, which was completed in December, showed a population increase of approximately 5.4% …