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Population Ageing in China: A Time Bomb or Opportunity for Prosperity?

In: Ageing in China

Author

Listed:
  • Xin Deng

    (University of South Australia)

  • Kym Fraser

    (University of South Australia)

Abstract

This chapter reflects on the major trends related to China’s labour market since the turn of the twenty-first century and introduces the chapters included in this book. In the last two decades, population ageing has been accelerating and China is posited to experience a population decline in 2023. Indeed, the downward trend in labour supply started much earlier. The share of the working aged population started to fall in 2010 and the number of employed people peaked in 2013. Adding to the decrease in labour supply is the fall of the share of private sector employment. Meanwhile, huge pay gaps exist among different segments of the labour market: gender, region and firm’s ownership type – largely caused by discrimination and institutional factors. This book aims to understand what the ageing population means to the labour market in China through examining empirical evidence related to labour supply, fertility, female-friendly organisational practices, and working at an older age. This chapter summarises the main insights from each chapter and suggests future reforms to turn challenges brought by population ageing into opportunities for prosperity in China.

Suggested Citation

  • Xin Deng & Kym Fraser, 2023. "Population Ageing in China: A Time Bomb or Opportunity for Prosperity?," Springer Books, in: Xin Deng & Kym Fraser & Jie Shen (ed.), Ageing in China, chapter 0, pages 1-17, Springer.
    • Handle: RePEc:spr:sprchp:978-981-19-9681-8_1
    DOI: 10.1007/978-981-19-9681-8_1
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