By 2100, China’s population will likely be half its current size. It will also be a lot older, with fewer working-age men and women.
In late July 2024, China ’s ruling Communist Party adopted a resolution that would see the country’s statutory retirement age gradually rise over the next five years.
Funds set aside to cover retirement costs in China look set to be completely used up by 2035, the Chinese Academy of Social Sciences projected just a few years ago.But it will not be a permanent fix – and it does nothing to address the serious underlying demographic problems that China faces. In 1950, several months after the founding of the People’s Republic of China, the country’s population numbered 539 million. It then rose every year for nearly 70 years, reaching 1.43 billion in 2021.
According to U.N. figures, in 2023 just under 20% of China’s population was in the current retirement bracket of 60 and over. But by 2100, this is projected to increase to an astounding high of over 52%. But China’s plan to increase the retirement age will have only a minor impact on alleviating the problems associated with these trends. Raising the retirement age will not help China slow the population decline, and it will have only a marginal effect on the ratio between working adults and post-working age adults.
Asia China China Economy China Population Chinese Communist Party Chinese Economy Demographics East Asia Global Population Population Data Population Loss Retirement Retirement Age
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