China's population could peak in 2023, here's why that matters
Source: CNBC
Chinas population could peak in 2023, heres why that matters
PUBLISHED THU, MAY 2 2019 10:22 PM EDT
Abigail Ng
The worlds largest country by population could hit a ceiling six years earlier than expected, a new report predicts.
Chinas population is likely to peak in 2023, according to a study by online database company Global Demographics and analytics firm Complete Intelligence. The Chinese government had previously estimated that the country would hit its maximum population size in 2029.
What we see is the rate of growth slowing pretty, pretty quickly, said Tony Nash, chief executive and founder of Complete Intelligence.
People had expected peak population in China to be a decade away, when in fact, its not, he said. Its right around the corner.
The decline in births is driven by a maternity cliff, according to the report. The number of women of childbearing age in China defined as aged 15 to 49 by the publishers is set to fall from 346 million in 2018 to 318 million in 2023.
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