China's population could peak in 2023, here's why that matters

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China's population could peak in 2023, here's why that matters
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The world's largest country by population could hit a ceiling six years earlier than expected, a new report predicts.

"What we see is the rate of growth slowing pretty, pretty quickly," said Tony Nash, chief executive and founder of Complete Intelligence.

The decline in births is driven by a "maternity cliff," according to the report. The number of women of childbearing age in China — defined as aged 15 to 49 by the publishers — is set to fall from 346 million in 2018 to 318 million in 2023.

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