China's Workforce May Decline 23% By 2050: Official

BEIJING, (UrduPoint / Pakistan Point News - 23rd july,2016) - The size of China's workforce may decline by as much as 23 percent by 2050, a government official said, as the population of the world's second-largest economy rapidly ages. China's working age population, defined as those between the ages of 16 and 59, peaked in 2011 and would soon "experience a process of sharp decline", particularly after 2030, said Li Zhong, a spokesman for the Ministry of Human Resources and Social Security, at a news conference.

He forecast that last year's tally of 911 million people of working age could fall as low as 700 million by 2050 -- a decline of over 23 percent. "Over the long term, macro-level data analysis shows that we must focus on the development of human resources as a whole, and study how to more fully and more efficiently make use of labour resources," he said Friday.