‘China’s ageing population to impact economic growth’March 17th, 2012 - 5:32 pm ICT by IANS
Beijing, March 17 (IANS) China’s ageing population and the deteriorating natural environment will constrain economic growth, a senior official said Saturday.
China’s “demographic dividend” has decreased as the population is ageing fast, and environmental problems will continue. Both factors will hamper the country’s economic growth, Ma Jiantang, head of the National Bureau of Statistics, said at the China Development Forum held in Beijing.
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, reported Xinhua.
The country’s ratio of labour force to the overall population dipped for the first time in 2011, Ma said.
In contrast to limited natural resources per capita, China’s energy and resource consumption were enormous, which has resulted in high costs to curb heavy pollution, he said.
The country must step up reforms and restructuring to secure steady and rapid economic growth, Ma added.
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- China's GDP grew by 10.3 percent in 2010 - Jan 20, 2011
- Aging Chinese population expanding rapidly: 2011 Census - Apr 28, 2011
- Growth slows in Shanghai - Jan 21, 2012
- China's economy grows 10.3 percent in 2010 - Jan 20, 2011
- China's Q1 retail sales up - Apr 13, 2012
- China's industrial value-added output up 13.9 percent - Jan 17, 2012
- Growth in Asia at high environmental cost: UN - Sep 19, 2011
- China's GDP growth to slow to 9.2 percent - Nov 20, 2011
- Increasing pollution threatens economic growth: Chinese Environment Minister - Mar 01, 2011
- China to boost economic reform in key industries - Mar 24, 2012
- China's economy threatened by country's ageing population - May 03, 2011
- Economic restructuring most pressing task: Wen (Lead) - Mar 05, 2012
Tags: ageing population, beijing, bureau of statistics, capita, china development, development forum, dividend, environmental problems, gdp, gdp growth, growth target, inflation, labour force, leeway, march 17, national bureau of statistics, natural environment, rapid economic growth, resource consumption, xinhua