Beijing’s population expected to become super-aged by 2035
The demographic challenge complicates China's efforts to boost consumption and curb debt as hundreds of millions near retirement amid strained pension budgets.
Beijing's population is projected to become super-aged by 2035, with approximately one-third of its residents aged 60 and above, according to the Beijing Daily. Currently, the city has 5.29 million permanent residents aged 60 or older, comprising almost a quarter of its total population. This demographic shift has prompted Chinese policymakers to prioritize population planning as part of the country's economic strategy.
The government faces an estimated cost of 180 billion yuan (US$26.92 billion) to increase birth rates this year, according to Reuters estimates.
As China's population continues to shrink since 2022 and age rapidly, the government is facing challenges in boosting domestic consumption and controlling debt. With a large portion of the population nearing retirement age, the workforce is expected to dwindle, while pension budgets are already under strain. Demographers and economists argue that the declining birth rate could lead to fewer households and slower consumption growth in the long run.
Written by urgent.news from Free Malaysia Today's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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