FILE PHOTO: Two women and their babies pose for photographs in front of the giant portrait of late Chinese chairman Mao Zedong on the Tiananmen Gate in Beijing November 2, 2015. REUTERS/Kim Kyung-Hoon
The slump threatens a demographic crisis which has alarmed the ruling Communist Party headed by President Xi Jinping, booking in a shortage of young workers to drive an economy experts say will by 2050 will have to support hundreds of millions of elderly. The Politburo meeting also promised “accompanying support measures” that are also “conducive to the country’s population structure”, though these were left unspecified.China’s fertility rate stands at 1.3 — below the level needed to maintain a stable population, the National Bureau of Statistics revealed.
Although the policy has been relaxed in the last few years, this has not prompted the baby boom policymakers had hoped for.
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