The latest Census results suggest China’s population is aging faster than expected, prompting Beijing to relax birth restriction and move to a threechild policy. Recognizing the challenges to reverse low fertility, we expect China to rely more on the productivity driver for growth in the long run.
The results of the seventh Population Census show that the Chinese total population continued to grow, reaching 1.41 billion in 2020. However, population growth slowed further to 0.53% per annum in 2010-2020 from 0.57% in the previous decade.
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