Ageing population to affect Asia-Pacific labour markets Asia News Network (ANN) is the leading regional alliance of news titles striving to bring the region closer, through an active sharing of editorial content on happenings in the region.
Asia-Pacific labor markets are facing "deep-seated challenges "that are compounded by the region's rapidly aging population, according to the International Labour Organization's latest report.
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For seven decades, China’s Communist Party has ruled the world’s most populous country. As the country’s population crests and begins to shrink, experts say, it will face challenges ranging from supporting the elderly to filling the ranks of its military. Population growth has been slowing for years, but the announcement Tuesday that the country’s population fell by about 850,000 in 2022 came sooner than expected. “Those developments. may well feed domestic challenges at home and strategic challenges abroad. The Party, in short, may be in for a rough go,” said Mike Mazza, an analyst of Chinese military modernization at the American Enterprise Institute in Washington. Others are less pessimistic.