Will Demographic Headwinds Hobble China's Economy?

Hunter Clark and Thomas Klitgaard

No 20180815, Liberty Street Economics from Federal Reserve Bank of New York

Abstract: China’s population is only growing at a 0.5 percent annual rate, its working-age cohort (ages 15 to 64) is shrinking, and the share of the population that is 65 and over is rising rapidly. Together, these trends will act as a significant restraint on the country’s economic growth. Nonetheless, there are reasons to conclude that growth will remain relatively strong going forward, most notably because the ongoing shift from rural to urban jobs will continue to boost labor productivity for some time to come.

Keywords: China; demographics; growth; dependency ratio; working-age population (search for similar items in EconPapers)
JEL-codes: E2 (search for similar items in EconPapers)
Date: 2018-08-15
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