China Census Fuels Policy Urgency to Ease Labor Drag

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China Census Fuels Policy Urgency to Ease Labor Drag

Bloomberg Economics’ key takeaway from China’s once-a-decade census is that the population will likely peak by 2025 -- much earlier than officials had expected -- which could wipe out the demographic dividend that had helped propel the economic ascent of the world’s most populous nation. As the decline in the working-age population quickens, labor looks set to turn into a long-term drag for gross domestic product, increasing the urgency for policy steps to mitigate the negative impact and boost competitiveness in other growth generators.

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