China `races` to encourage childbirth to compete with the US 0
(Dan Tri) – The Bank of China believes that the country needs to `relax` its population policy if it wants to increase human resources and compete with the US economically.
The birth rate in China has decreased in recent years (Illustration: Xinhua).
The People’s Bank of China (PBOC) believes that the country should `fully liberalize and encourage childbearing` to increase the workforce, thereby helping Beijing compete successfully with other countries, including
According to survey results published last week, PBOC predicts that in the next three decades, China’s population may decrease by about 32 million people, while the US population may increase by 50 million people before 2049, especially
Researchers also warn of the risk of shrinking the workforce in China in the next few decades, while the US is expected to see an increase in this force.
`To close the gap with the US over the past four decades, China has relied on cheap labor and a large population. So what will we rely on in the next 30 years? This is worth our while.`
Researchers say that by 2030, China’s population could peak at about 1.46 billion people, then plummet to 1.4 billion by 2050.
`We should not hesitate and wait for the impact of current birth policies. Birth liberalization should happen now when some people still want to have children but cannot. Birth liberalization
Meanwhile, India is also growing in both population and labor force.
Accordingly, the authors urge the Chinese government to `be aware of the changing situation` and quickly amend family planning policies by allowing `three or more children` along with
The researchers also called for creating a `good reproductive environment` in China, where women are encouraged to have more children than in previous years.
`We need to create an environment that encourages childbirth and solves the problems women face during pregnancy, childbirth, kindergarten and school enrollment,` the report added.
China’s rapid economic growth over the past four decades is largely due to favorable demographic ratios, with the working-age population ranging from 15 to 64, researchers say.
China is still the most populous country in the world with 1.43 billion people.
