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China's Demographics and Their Impact on Its Economy

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Economic Impact of China’s Demographics
Introduction
Policies regarding population development are a major factor towards determining China’s future economic prospects. China is the most populous country in the world, doubling its population over the last 60 years (Lee & Qingjun 58). For the rapid population growth that China has achieved over the last few decades, controlling and monitoring the growth of the population has been at the core of the country’s administration. Policies have to be implemented that actively seek to implement demographic recommendations and stipulations with the aim of developing a sustainable population base compatible with the economy. Institution of population control legislation such as the one-child policy has effectively controlled the mushrooming population growth that distinguished China from the other world demographics.
The result of the population control policy in the face of reduced death rates and low fertility rates has painted a grim picture for the Chinese economy. The result of the envisaged scenario is an increase of the number of old people in the country and a continual decline in the number of young people. This paper focuses on highlighting the potential challenges the country faces from having a reduced young workforce in an economy growing at a phenomenal rate. Due to the overhanging specter of an unsustainable population in the country with unchecked reproduction, the government imposed a policy of ‘controlled reproduction’ (Lapham 34). The Chinese demographics have changed considerably, prompting academic and scientific interest. The impact of the newly developing demographic development on the country’s economy will be discussed in this paper. The unsettling effect the increasing proliferation of the aged in China will also be...

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