China's Academy of Social Sciences released a report "Economic Blue Book: 2015 Analysis and Forecast of China's economic situation." They believe that China's current total fertility rate is 1.4, which well below the generational replacement level of 2.1, has been very close to the internationally recognized "low fertility trap 1.3 "as soon as possible from a single two children to the full liberalization of two-child policy transition.
In the early 1970s, birthrates in China were 4.77 per cent. By 2011 the figure had fallen to 1.64 per cent, forcing the government to deal with a combination of a rapidly aging population, a shallow labor pool and an imbalance between the sexes.
China now has the world’s biggest yet most rapidly aging population. By 2050, China will have nearly 440million over-60s, according to UN estimates.
China's labor pool of 16 to 59-year-olds has been dropping since 2012, and this has coincided with a downturn in economic growth and a rise in unemployment.
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