To capture the range of possible future population trajectories under varying fertility regimes, three scenarios are established. In the low scenario, fertility would continue to drop to extremely low level at 0.75 by 2035, while fertility would slowly rise to higher levels at 1.3 and 1.6 respectively by 2050 in the context of varying degrees of fertility policy incentives under medium and high scenarios. Results indicate that China's population will continue to shrink throughout the 21st century, declining to 1.18-1.28 billion by 2050, falling below 1 billion between 2063 and 2078, and further decreasing to 0.45-0.80 billion by 2100. The number of annual births in China is expected to follow a downward trajectory throughout the 21st century. Although a recovery in women's fertility rate may drive a fluctuating rebound in birth numbers, the long-term downward trend is unlikely to be altered due to the substantial challenges and limited potential for increasing fertility rate, as well as the ongoing reduction in the number of women of childbearing age. Moreover, fluctuations in the births will affect the size of school-age population through cohort transmission. Projections suggest that China's school-age population will experience a sharp reduction over the next 15 years, with substantial implications for the allocation of educational resources. Additionally, while the size and share of the working-age population aged 15-64 will fluctuate slightly, both are expected to trend downward during this century. Meanwhile, China will witness an acceleration in its population ageing. The proportion of elderly population aged 65 and above is projected to exceed 30% in the mid-to-late 2040s. By then, the size of elderly population will exceed 380 million, making China the country with the largest elderly population in the world.
The findings also highlight an increasing divergence between urban and rural population. The urban population is expected to continue growing over the next decade, remaining above 940 million until 2050, while the rural population will maintain a sustained shrinking trend throughout the century. Both urban and rural areas will experience a notable decline in the child population aged 0-14 within the next five years, with a reduction of approximately one-fifth in urban areas and around two-fifths in rural areas. The ageing process in rural areas is ahead of that in urban areas, although the urban elderly population will have a longer growth period and a higher peak value.
The numbers of accumulated couples and their extra births are major concerns after im- plementing the universal two-child policy.Using data from the 2014 national population sampling sur- vey,this paper,employing a population group-component calculation and projection method,provides estimates of the size of extra births that would be influenced by the two-child policy after computing the amount of accumulated couples in 2016.The results show that the number of target population under the two-child policy would be at around 91 million in 2016 among which women at age 40 and above account for 49. 6% .Under medium fertility scenario,the size of extra births would reach around 17 mil- lion in 2017-2021 with an annual average number of 1.6-4. 7 million.Although the number of accu- mulated couples subject to the two-child policy is large,the size of their extra births would be relatively small,implying that China would have a smooth transition to the two-child policy.
Driven by decreasing fertility along with improving life expectancy,the world is entering an irreversible aging society.As a developing country with the largest population,China will be experiencing a sustained and rapid aging in the next 40 years.It is widely held that aging would inhibit the economic growth of China,leading even to recession.While the United States is also facing the aging problem,a research report prepared by the US National Academy of Sciences has reached different conclusions about the impact of aging on macro-economy.Population aging would have a significant impact on government expenditure; how- ever its impact would be very small on labor productivity,innovation and asset prices.Accumulation of private assets due to aging may even have a positive effect on the economy.Overall,the impact of aging on living standards is limited,and the overall macroeconomic impact is moderate.These views and conclusions about the relationship between aging and macro-economy have important enlightenments and implications for the related ageing studies in China.