China’s ageing population – Impact on Manufacturing & Service Sector

As China’s aging population almost increases by more than half from 2011 to 240 million people by 2021, this study
focus on growing senior tsunami (shrinking of the China’s labor force) impact. The population policies that China
implemented earlier, soon going to alter the shape of working population significantly. ZINNOV finds that from 2011
onward, the part of its working age population is set to decline more or less indefinitely. In addition, it is already evident from UN Population estimates, US Census Bureau and European Union figures, the absolute growth of
China’s working age population prognosticates to be negative between 2011 and 2025. Also, its labor force might
peak between 2014 and 2017 and after 2021 shrinks almost by 0.75% a year.

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