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Fortune
Fortune
Jason Ma

U.S. economic growth will eclipse China's by 2031, and the transformation Beijing needs for a revival may take 'several decades, if not longer,' top demographer says

elderly Chinese people sit together at a park (Credit: An Ming—Feature China/Future Publishing via Getty Images)

China's rapidly aging population will be an obstacle to its economic growth, which will be surpassed by the U.S. in the next several years, according to a top demographer.

Fu-Xian Yi, a specialist in reproductive science at the University of Wisconsin-Madison and an expert on China's demographics, pointed out that the share of the Chinese population that's over 65 had jumped to 15.4% in 2023 from 7% in 1998.

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