China: Increase in population hits slowest in years | MENAFN.COM

Wednesday, 18 May 2022 03:58 GMT

China: Increase in population hits slowest in years


(MENAFN) The Chinese population experienced the slowest growth in 2021, with a drop in the pace of fresh births numbers.

The National Bureau of Statistics said Monday, whole populace in the mainland without international citizens got to 1.41 billion individuals in Q4 of 2021, witnessing a growth of 480,000 persons against numbers of 2020.

Chief economist at Pinpoint Asset Management Zhiwei Zhang mentioned, “The most shocking part of the data release today is that the natural growth of population has dropped to 0.034 percent, the first [increase] below 0.1 percent since data [became] available.”

He said, the slow pace in number of new births proves that the Chinese population ages sooner that originally predicted and proposes that the country’s whole populace could have hit its highest rate in 2021. Zhang stated, it “indicates China’s potential growth is likely slowing faster than expected.”  

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