Abstract 21, according to Bloomberg news, informed sources, China mentioned priority consideration in the new five-year plan will be population growth. China may cut its 7% economic growth target to between 6.5% and 7% and turn it into a flexible target. The informed...
According to Bloomberg News on the 21st, people familiar with the matter said that China is considering giving priority to population growth in the new five-year plan. China may cut its 7% economic growth target to between 6.5% and 7% and turn it into a flexible target. The person familiar with the matter said that China’s economic planners may for the first time emphasize that “population policy†is more important than gross domestic product. The new focus will create conditions for a range of policy reforms, including health care, pensions, social welfare, and the possibility of relaxing the number of children born to some families.
At present, China's working-age population has been falling for three consecutive years, and the sequela of family planning policies has intensified.
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