China’s Central Bank called on citizens to give birth to the US. The regulator is confident that it is necessary to abandon the birth rate control policy from the risk to fall behind the United States against the background of the aging of the population. It is reported by South China Morning POST.
Otherwise, the PPC population risks to reduce 32 million people until 2050 (while in the United States will be 50 million more citizens). With this scenario, China will lose its economic advantage and lagging behind not only from the United States, but also from other Western countries due to lack of people-bodied people. “Liberalization of fertility should happen now, when some residents still want to have children, but can not. It is useless to liberalize him when no one wants to have children,” concluded in the Central Bank.
According to the State Statistical Department of the PRC, in the first quarter of the current year, the Chinese economy has grown on a record 18.3 percent. The increase in GDP was explained by overcoming the coronavirus pandemic. There were several factors on the growth of the economy, including an increase in domestic demand, labor market stability, ensuring high production productivity and improving entrepreneurs expectations.
Now almost 1.4 billion people live in China, since 2016, China’s residents can have no more than two children. But the authorities have already thought that the fertility policy should be revised. At the beginning of 2020, it became known that China was recorded a record fertility. The number of working-age population has decreased, to which people refer from 16 to 59 years: for the year they have become less than 890 thousand people. At the same time, the population of the country will quickly old.