China's population falls for third consecutive year in 2024
China's population fell for the third year running in 2024, putting another drag on an already-sluggish economy. The National Bureau of Statistics reported a drop of 1.39 million in the total number of people, with deaths outpacing a slight increase in births. Some researchers have warned that China's pension pot could run dry by 2035. China raised the retirement age for the first time last year since the 1950s. From 2030, employees will also need to contribute more to the social security system to receive pensions. Deborah Wong reports.
China's population fell for the third year running in 2024, putting another drag on an already-sluggish economy. The National Bureau of Statistics reported a drop of 1.39 million in the total number of people, with deaths outpacing a slight increase in births. Some researchers have warned that China's pension pot could run dry by 2035. China raised the retirement age for the first time last year since the 1950s. From 2030, employees will also need to contribute more to the social security system to receive pensions. Deborah Wong reports.
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