China recorded a drop in population for the first time in six decades, an outcome of its One-Child Policy. It is the first country to “get old before it gets rich”. It is a problem that President Xi Jinping has noted in several speeches.
Even if the government is successful in encouraging Chinese citizens to have more babies, it will still face an aging population in the short and medium term. Already, the country is experiencing a shortage of workers in some industries.
Could external and internal migration, or even raising the retirement age, be solutions? And if not, can Beijing rely on robots and A.I to make up the shortfall?
00:00 Introduction
1:37 Why is China's population declining?
07:13 Fewer workers: foreign talent exodus
13:18 Can African labour help increase workforce in China?
24:55 Internal migration: engine of growth no more
30:35 China's apathetic young workers: productivity troubles
35:59 Could raising retirement age help labour shortage?
43:07 Robotics & AI to boost productivity in China
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ABOUT THE SHOW: Insight investigates and analyses topical issues that impact Asia and the rest of the world.
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