Economics
China’s One-Child Policy Backfires as Labor Pool Shrinks Again
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China is paying the economic price for its 36-year-old one-child policy, with the third-straight yearly decline in its labor force weighing on growth prospects.
The working-age population -- those aged 16 to 59 -- fell 3.71 million last year, the National Bureau of Statistics said today, steeper than the decline of 2.44 million in 2013. The first drop was in 2012 when the group -- then also including 15-year-olds -- decreased by 3.45 million.