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China's Population To Enter Negative Growth After 2025: Report

China's Population To Enter Negative Growth After 2025: Report

NDTV
Sunday, April 18, 2021 03:31:39 PM UTC

China's population is set to peak in just four years' time and the milestone will be marked by a significant downturn in consumer demand, said Cai Fang, a member of the monetary policy committee of the People's Bank of China, the central bank.

The demographics of the world's most populous country is set to change as China will experience a negative growth after 2025, which will result in shortage of consumer demand, a well-known Chinese economist has cautioned. China's population is set to peak in just four years' time and the milestone will be marked by a significant downturn in consumer demand, said Cai Fang, a member of the monetary policy committee of the People's Bank of China, the central bank. "When the total population enters negative growth (after 2025), there will be a shortage of demand," Mr Cai was quoted as saying by Hong Kong-based South China Morning Post on Sunday. "We need to pay attention to the impact of demographics on future consumption," he said.
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