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Utopia Talk / Politics / TEH CHILDELN CUM BAKK 2 CHINA
Fri Mar 01 17:06:35
WE NED U!!!!!!


China’s Employed Population Shrinks for First Time Ever

By Zhang Yu, Tang Ziyi and Charlotte Yang / Feb 28, 2019

China’s employment population has shrunk for the first time ever on record.

At the end of 2018, the number of people employed fell to 776 million, a drop of 540,000 from 2017, according to annual census data published Thursday by China’s National Bureau of Statistics (NBS).

The working-age population, or people between the ages of 16 and 59, also shrank — for the seventh consecutive year, down a total of 2.8% from 2011 to 2018, a clear sign that China’s population is aging rapidly.

Last year’s working-age population stood at 897 million, down from 902 million in 2017, according to the NBS. Li Xiru, director of the Population and Employment Department at NBS, warned last month that the employed population would further drop in the coming years.

The country’s shrinking work force creates more headaches for officials as it pushes up labor costs and places more strains on an economy already struggling against external headwinds.
The Overseer
Sun Mar 03 22:49:49
You would have thought he'd be keen on a path back.

And the drop is going to accelerate. The current moment is probably the only chance China has to become something before internal issues take over.

Pollution, debt, demographics. That trillion in US bonds will evaporate pretty quickly.
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