China's demographic imbalance may lead to labour shortages, rising employment costs

Beijing [China], April 26 (ANI): According to a UN report, the demographic imbalance in China is likely to have far-reaching implications for the economy including labour shortages, rising employment costs and weakened spending power which would be a drag on economic growth.

China's working-age population between 16 and 59 years has been falling by an average of 0.14 per cent annually between 2011 and 2022 and the annual