3 kids or more: Chinese researchers call to ABANDON birth limits to ensure immigration-fed US can't outperform Beijing by 2050
Added 04-17-21 08:37:02pm EST - “China must "fully liberalize" its birth-control policy to increase its labor force in the upcoming decades and compete with such countries as the US economically, a paper published by the People's Bank of China says.” - Rt.com
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Posted By TheNewsCommenter: From Rt.com: “3 kids or more: Chinese researchers call to ABANDON birth limits to ensure immigration-fed US can't outperform Beijing by 2050”. Below is an excerpt from the article.
Beijing should pay close attention to the fact that the country's birth rate is declining, while its population is aging fast, the researchers argued. The research, which was published this week by China's central bank as part of its working paper series, suggests that the country's main economic rival, the US, is undergoing "favorable changes" in working population rates, largely through mass immigration.
Based on statistics and forecasts by the United Nations – which might even overestimate China's fertility rate, according to the researchers – the report suggests that in the next three decades, China's population will decrease by some 32 million people. At the same time, US may add 50 million people to its population by 2050.
Furthermore, the researchers warned that China's labor force figures to shrink, while the US will see an expansion. And unlike China, the US will have the benefit of “skilled immigration.”
While China had 70.6% of its population in the labor force as of 2019, compared with the US rate of 65.2%, that advantage is predicted to drop to 3.2 percentage points from 5.4 percentage points by 2035, the paper said. By 2050, the US will swing to a 1.3 percentage-point advantage over China in labor-force rate, the authors predicted, adding:
For [China] to narrow the gap with the United States in the past four decades, it relied on cheap labor and huge numbers of people... What will we rely on in the next 30 years? This is worth our thoughts.
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