'China's ageing population to impact economic growth'

Top Stories

»	Indian stock markets recover as FIIs turn buyers after 10 weeks
»	Gold, silver decline up to 2 pc on hawkish Fed signals ahead of festive buying
»	Sensex climbs over 900 points, Nifty tops 22,900 on FMCG, PSU bank rally
»	SEBI mulls 3rd-party monitoring of IPO fund use, shell firms pose market risk: Tuhin Kanta Pandey
»	India-Chile FTA ripe for conclusion, Canada talks progressing well: Piyush Goyal

IANS | 19 Mar, 2012
China's ageing population and the deteriorating natural environment will constrain economic growth, a senior official said Saturday.

China's "demographic dividend" has decreased as the population is ageing fast, and environmental problems will continue. Both factors will hamper the country's economic growth, Ma Jiantang, head of the National Bureau of Statistics, said at the China Development Forum held in Beijing.

Ma's remarks came after China lowered its GDP growth target in 2012 to a seven-year low of 7.5 percent last week to give more leeway to restructure its economy without fuelling inflation, reported Xinhua.

The country's ratio of labour force to the overall population dipped for the first time in 2011, Ma said.

In contrast to limited natural resources per capita, China's energy and resource consumption were enormous, which has resulted in high costs to curb heavy pollution, he said.

The country must step up reforms and restructuring to secure steady and rapid economic growth, Ma added.