China’s falling birth rate is set to have a detrimental effect on the economy, a central bank adviser says. Photo: Bloomberg China’s falling birth rate is set to have a detrimental effect on the economy, a central bank adviser says. Photo: Bloomberg
China’s falling birth rate is set to have a detrimental effect on the economy, a central bank adviser says. Photo: Bloomberg

China facing economic crisis as population peak nears, PBOC adviser says

  • Consumption set to slump after population tops out in 2025, says Cai Fang, a member of the central bank’s monetary policy committee
  • Beijing must ‘increase labour participation and social security benefits’ for the elderly to shore up consumer demand, he says

Topic |   China economy
China’s falling birth rate is set to have a detrimental effect on the economy, a central bank adviser says. Photo: Bloomberg China’s falling birth rate is set to have a detrimental effect on the economy, a central bank adviser says. Photo: Bloomberg
China’s falling birth rate is set to have a detrimental effect on the economy, a central bank adviser says. Photo: Bloomberg
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