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☆ China's retirement crisis is here, and Beijing will be forced to keep raising the retirement age, demographer says
▼ + stars: | 2024-10-17 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

China has no choice but to keep raising the retirement age for workers, according to Yi Fuxian. AdvertisementChina has a retirement crisis on its hands, and the nation will probably be forced to keep raising the retirement age for workers to stave off demographic imbalances, according to a demographer. Those trends led China to recently raise the mandatory retirement age for workers, the first time the nation has raised its retirement age in decades. "Given the severity of its demographic crisis, China will need to keep raising its retirement age, potentially fueling civil unrest and political instability," Yi said. China's main pension fund could be depleted by 2035, according to a 2019 estimate from the Chinese Academy of Social Sciences.

Persons: Yi Fuxian, —, Fuxian, Yi Organizations: Service, Syndicate, Bank, nation's Ministry of Civil Affairs, China National, Ageing, United Nations, Chinese Academy of Social Sciences, Reuters Locations: China

Zelensky and Trump loom over DavosTwo people are having an outsize impact at the World Economic Forum, and one of them isn’t even there. One is Volodymyr Zelensky, Ukraine’s president, who put on a full-court press of business and global leaders at the forum in Davos, Switzerland. Zelensky isn’t the only leader at Davos worried about Trump. The Ukrainian leader has sought to shore up global business support. And the annual wine tasting hosted by Anthony Scaramucci, the financier and former Trump official, well, ran out of wine.

Persons: Volodymyr Zelensky, Donald Trump, Zelensky, Vladimir Putin, Andrew, Trump, Putin, “, ” Zelensky, Republican Party ”, DealBook, thumped, JPMorgan Chase, Steve Schwarzman, Blackstone, Ray Dalio, David Rubenstein, Carlyle, Michael Dell, John Kerry, Biden’s, Anthony Scaramucci, Christine Lagarde, Christopher Waller, Nelson Peltz’s, James Gorman, Morgan Stanley, Mary Barra, General Motors —, Bob Iger, Disney’s, Murray Auchincloss, Bernard Looney, Auchincloss, Yi Fuxian Organizations: Trump, Economic, Ukraine, Republican Party, Republican, JPMorgan, Congress Center, Dell, European Central Bank, Fed, Disney, General, BP, University of Wisconsin – Locations: Davos, Switzerland, Europe, Ukraine, American, Iowa, Bridgewater, China, Beijing, Russia, Britain, U.S, Asia, University of Wisconsin – Madison

☆ Time and money for love: China brainstorms ways to boost birth rate
▼ + stars: | 2023-03-15 | by ( Farah Master | ) www.reuters.com time to read: +3 min

China dug itself into a demographic hole largely through its one-child policy imposed between 1980 and 2015. Young people cite high childcare and education costs, low incomes, a feeble social safety net and gender inequalities, as discouraging factors. "But without any fertility encouragement policy then fertility will decline even further." China's birth rate last year fell to 6.77 births per 1,000 people, from 7.52 births in 2021, the lowest on record. Demographer Yi Fuxian remains sceptical whether any measures would have a significant impact by themselves, saying China needed a "paradigm revolution of its entire economy, society, politics and diplomacy to boost fertility."

☆ How China's shrinking population could have a ripple effect on the global economy
▼ + stars: | 2023-03-03 | by ( Anuz Thapa | ) www.cnbc.com time to read: +1 min

The country's National Bureau of Statistics reported China's population slipped to 1.412 billion last year from 1.413 billion in 2021. Many experts believe that China's one-child policy, introduced in the 1980s, is one of the main reasons for the population decline. "China's one-child policy was a mistake," said Yi Fuxian, an expert on Chinese population trends at the University of Wisconsin-Madison. "What's happening in the bedrooms in China is actually affecting what's happening in the rest of the world." Watch the video above to find out what caused China's population decline and how the shrinking population could alter the global economy.

☆ China’s population drops for the first time in decades
▼ + stars: | 2023-01-17 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +1 min

BEIJING — China's population declined in 2022, the National Bureau of Statistics said Tuesday. Mainland China's population, excluding foreigners, fell by 850,000 people in 2022 to 1.41 billion, the statistics bureau said. The country reported 9.56 million births and 10.41 million deaths for 2022. In 2021, China's population grew by the slowest increase on record. The mainland China population, excluding foreigners, rose by 480,000 to 1.41 billion people at the end of 2021, according to the National Bureau of Statistics.

☆ China set for historic demographic turn, accelerated by COVID traumas
▼ + stars: | 2023-01-13 | by ( Farah Master | ) www.reuters.com time to read: +5 min

[1/3] Ang Ran and her 2-year-old son Tang Ziang look out from their home in Beijing, China November 8, 2022. A glimpse of the scars caused by the pandemic to China's already bleak demographic outlook may come to light when it reports its official 2022 population data on Jan. 17. "In less than 80 years China’s population size could be reduced by 45%. The United Nations predicts China’s population will start to decline this year when India overtakes it as the world's most populous country. U.N. experts see China's population shrinking by 109 million by 2050, more than triple the decline of their previous forecast in 2019.

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