Growth, inflation and labour market all easing
The COVID-19 pandemic could accelerate China’s long term demographic pressures
In line with global trends, the COVID-19 pandemic contributed to a downturn in China’s birth rates in 2020. However, the negative trend in China continued into 2021, in contrast to most advanced economies, which saw birth rates recover. A continuation of this trend could accelerate China’s growing demographic drag that is already impacting the country’s growth prospects.
For further details, please see the China Economic Update (May 2022)
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