‘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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