China steps up push to avoid growing old while still poor
Financial Times recently published an article on how the Chinese government is trying to plan its economy to better adjust to an aging population that is expected to peak in 2050 with around 35% of population over 60. According to the article, this is a culmination of a series of policies actually started at the same time as when the one-child policy was enacted.
Compared to other Western articles that tend to demonize China’s one-child policy, the FT article offers an interesting read of China’s policy of population control. According to Chinese government estimates, today’s population would be 250-300 million larger were it not for its one-child policy.
I usually cringe when I hear people categorically attacking China’s population control policies. While the one-child policy is well known throughout the world, China actually has had enacted other policies in its history, including its “late, long, few” initiative which promoted people to have children later in life and to lengthen the times between pregnancies.
Since the mid 1960’s, China’s birthrate has consistently dropped. Is it a coincidence that since the mid 1960’s, China’s economic growth has also consistently grown?
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