‘China’s aged people will hamper economic rise’March 18th, 2012 - 2:47 pm ICT by IANS
Beijing, March 18 (IANS) China’s aging population and the deteriorating natural environment will constrain economic growth, the head of the country’s National Bureau of Statistics has warned.Speaking at China Development Forum held in Beijing, Ma Jiantang said the country’ “demographic dividend” has decreased as the population is aging fast, and environmental problems will continue. Both factors will hamper the country’s economic growth, Xinhua reported.
Ma’s remarks came after China lowered its GDP growth target in 2012 to a seven-year low of 7.5 percent last week to give more leeway to restructure its economy without fuelling inflation.
The country’s ratio of labour force to the overall population dipped for the first time in 2011, Ma said.
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Tags: aging population, beijing, bureau of statistics, china development, development forum, dividend, economic growth, economic rise, economy, environmental problems, gdp, gdp growth, growth target, inflation, labour force, leeway, national bureau of statistics, natural environment, xinhua