According to latest figures, the Chinese population decreased by 1.39 million to around 1.408 billion people in 2024. After decades of rapid growth, China arrived at the turning point of its demographic development in 2022, which was earlier than expected. The annual population decrease is estimated to remain at moderate levels until around 2030 but to accelerate thereafter. Population development in China China had for a long time been the country with the largest population worldwide, but according to UN estimates, it has been overtaken by India in 2023. As the population in India is still growing, the country is very likely to remain being home of the largest population on earth in the near future. Due to several mechanisms put into place by the Chinese government as well as changing circumstances in the working and social environment of the Chinese people, population growth has subsided over the past decades, displaying an annual population growth rate of -0.1 percent in 2024. Nevertheless, compared to the world population in total, China held a share of about 18 percent of the overall global population in 2022. China's aging population In terms of demographic developments, the birth control efforts of the Chinese government had considerable effects on the demographic pyramid in China. Upon closer examination of the age distribution, a clear trend of an aging population becomes visible. In order to curb the negative effects of an aging population, the Chinese government abolished the one-child policy in 2015, which had been in effect since 1979, and introduced a three-child policy in May 2021. However, many Chinese parents nowadays are reluctant to have a second or third child, as is the case in most of the developed countries in the world. The number of births in China varied in the years following the abolishment of the one-child policy, but did not increase considerably. Among the reasons most prominent for parents not having more children are the rising living costs and costs for child care, growing work pressure, a growing trend towards self-realization and individualism, and changing social behaviors.

The region of present-day China has historically been the most populous region in the world; however, its population development has fluctuated throughout history. In 2022, China was overtaken as the most populous country in the world, and current projections suggest its population is heading for a rapid decline in the coming decades. Transitions of power lead to mortality The source suggests that conflict, and the diseases brought with it, were the major obstacles to population growth throughout most of the Common Era, particularly during transitions of power between various dynasties and rulers. It estimates that the total population fell by approximately 30 million people during the 14th century due to the impact of Mongol invasions, which inflicted heavy losses on the northern population through conflict, enslavement, food instability, and the introduction of bubonic plague. Between 1850 and 1870, the total population fell once more, by more than 50 million people, through further conflict, famine and disease; the most notable of these was the Taiping Rebellion, although the Miao an Panthay Rebellions, and the Dungan Revolt, also had large death tolls. The third plague pandemic also originated in Yunnan in 1855, which killed approximately two million people in China. 20th and 21st centuries There were additional conflicts at the turn of the 20th century, which had significant geopolitical consequences for China, but did not result in the same high levels of mortality seen previously. It was not until the overlapping Chinese Civil War (1927-1949) and Second World War (1937-1945) where the death tolls reached approximately 10 and 20 million respectively. Additionally, as China attempted to industrialize during the Great Leap Forward (1958-1962), economic and agricultural mismanagement resulted in the deaths of tens of millions (possibly as many as 55 million) in less than four years, during the Great Chinese Famine. This mortality is not observable on the given dataset, due to the rapidity of China's demographic transition over the entire period; this saw improvements in healthcare, sanitation, and infrastructure result in sweeping changes across the population. The early 2020s marked some significant milestones in China's demographics, where it was overtaken by India as the world's most populous country, and its population also went into decline. Current projections suggest that China is heading for a "demographic disaster", as its rapidly aging population is placing significant burdens on China's economy, government, and society. In stark contrast to the restrictive "one-child policy" of the past, the government has introduced a series of pro-fertility incentives for couples to have larger families, although the impact of these policies are yet to materialize. If these current projections come true, then China's population may be around half its current size by the end of the century.

Whereas the population is expected to decrease somewhat until 2100 in Asia, Europe, and South America, it is predicted to grow significantly in Africa. While there were 1.5 billion inhabitants on the continent at the beginning of 2024, the number of inhabitants is expected to reach 3.8 billion by 2100. In total, the global population is expected to reach nearly 10.4 billion by 2100. Worldwide population In the United States, the total population is expected to steadily increase over the next couple of years. In 2024, Asia held over half of the global population and is expected to have the highest number of people living in urban areas in 2050. Asia is home to the two most populous countries, India and China, both with a population of over one billion people. However, the small country of Monaco had the highest population density worldwide in 2021. Effects of overpopulation Alongside the growing worldwide population, there are negative effects of overpopulation. The increasing population puts a higher pressure on existing resources and contributes to pollution. As the population grows, the demand for food grows, which requires more water, which in turn takes away from the freshwater available. Concurrently, food needs to be transported through different mechanisms, which contributes to air pollution. Not every resource is renewable, meaning the world is using up limited resources that will eventually run out. Furthermore, more species will become extinct which harms the ecosystem and food chain. Overpopulation was considered to be one of the most important environmental issues worldwide in 2020.

In 2020, about 17.9 percent of the population in China had been 60 years and older. This share is growing rapidly and was estimated to reach 40 percent by 2050. China's aging population With China’s boomer generation growing old and life expectancy increasing at the same time, the number of people at an age of 60 or above nearly doubled between 2000 and 2020 and reached around 255 million. This development is even more pronounced for the age group of 80 and above, which nearly tripled and is expected to reach a size of roughly 132 million in 2050, up from only 32 million in 2020. At the same time, the share of the working-age population is forecasted to decrease gradually from 64 percent of the total population in 2020 to around 50 percent in 2050, which could pose a heavy economic strain on the social security system. The old-age dependency ratio, which denotes the relation of the old-age to the working-age population, is estimated to grow from 18.2 percent in 2020 to more than 50 percent in 2050, implying that by then, statistically, two working-age adults would have to support one elderly. Strain on the social security net During the last 15 years, China's government has successfully increased the coverage of the pension insurance and health insurance. Today, most of the people are covered by some kind of social insurance. Conditions in the pension system are generous, with a regular retirement age for males at 60 years and women at 50 or 55. With the number of retirees increasing quickly, the social insurance system is now under pressure. From an economic point of view, improving the productivity of China's economy would be the primary choice for mitigating alleged inconsistencies of the system. However, without increasing the burden on the working people while tightening payment conditions, balancing the social security net could prove to be challenging.

From now until 2100, India and China will remain the most populous countries in the world, however China's population decline has already started, and it is on course to fall by around 50 percent in the 2090s; while India's population decline is projected to begin in the 2060s. Of the 10 most populous countries in the world in 2100, five will be located in Asia, four in Africa, as well as the United States. Rapid growth in Africa Rapid population growth across Africa will see the continent's population grow from around 1.5 billion people in 2024 to 3.8 billion in 2100. Additionally, unlike China or India, population growth in many of these countries is not expected to go into decline, and instead is expected to continue well into the 2100s. Previous estimates had projected these countries' populations would be much higher by 2100 (the 2019 report estimated Nigeria's population would exceed 650 million), yet the increased threat of the climate crisis and persistent instability is delaying demographic development and extending population growth. The U.S. as an outlier Compared to the nine other largest populations in 2100, the United States stands out as it is more demographically advanced, politically stable, and economically stronger. However, while most other so-called "advanced countries" are projected to see their population decline drastically in the coming decades, the U.S. population is projected to continue growing into the 2100s. This will largely be driven by high rates of immigration into the U.S., which will drive growth despite fertility rates being around 1.6 births per woman (below the replacement level of 2.1 births per woman), and the slowing rate of life expectancy. Current projections estimate the U.S. will have a net migration rate over 1.2 million people per year for the remainder of the century.

The graph shows the population growth in China from 2000 to 2024. In 2024, the Chinese population decreased by about 0.1 percent or 1.39 million to around 1.408 billion people. Declining population growth in China Due to strict birth control measures by the Chinese government as well as changing family and work situations of the Chinese people, population growth has subsided over the past decades. Although the gradual abolition of the one-child policy from 2014 on led to temporarily higher birth figures, growth rates further decreased in recent years. As of 2024, leading countries in population growth could almost exclusively be found on the African continent and the Arabian Peninsula. Nevertheless, as of mid 2024, Asia ranked first by a wide margin among the continents in terms of absolute population. Future development of Chinese population The Chinese population reached a maximum of 1,412.6 million people in 2021 but decreased by 850,000 in 2022 and another 2.08 million in 2023. Until 2022, China had still ranked the world’s most populous country, but it was overtaken by India in 2023. Apart from the population decrease, a clear growth trend in Chinese cities is visible. By 2024, around 67 percent of Chinese people lived in urban areas, compared to merely 36 percent in 2000.

The China health insurance market is projected to exhibit a growth rate (CAGR) of 7.40% during 2024-2032. The market is primarily driven by the increasing number of chronic ailments, the widespread adoption of supportive government policies, the growing geriatric population, and the rising demand for higher-quality medical services in China.

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on provider, type, plan type, demographics, and provider type.

The China artificial intelligence (AI) in healthcare market is projected to exhibit a growth rate (CAGR) of 23.50% during 2024-2032. The growing geriatric population in the country, increasing innovations in machine learning (ML), deep learning, and natural language processing (NLP), and rising implementation of favorable government regulations crucial factors impelling the growth of the market.

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on offering, technology, application, and end user.

China Construction Market size was valued at USD 1.3 Trillion in 2024 and is projected to reach USD 2.2 Trillion by 2032, growing at a CAGR of 7.2% from 2025 to 2032.

China Construction Market Drivers

Population Growth and Urbanisation

The need for residential, commercial, and industrial construction is still being driven by rapid urbanisation.
Construction is fuelled by the government’s ambition to create “megacities” and urban clusters.
Development of Infrastructure

National initiatives like the Belt and Road Initiative (BRI) continue to prioritise large expenditures in infrastructure, including energy projects, water management systems, and transportation (airports, highways, and railroads).
The construction landscape is growing as a result of projects targeted at improving rural infrastructure.
Stimulus measures and economic policies

Large-scale construction projects are frequently a part of fiscal plans aimed at economic growth.
A balanced building demand is indirectly supported by the central government’s emphasis on lowering house speculation while preserving steady real estate expansion.

According to the age distribution of China's population in 2024, approximately 68.6 percent of the population were in their working age between 15 and 64 years of age. Retirees aged 65 years and above made up about 15.6 percent of the total population. Age distribution in China As can be seen from this statistic, the age pyramid in China has been gradually shifting towards older demographics during the past decade. Mainly due to low birth rates in China, the age group of 0 to 14 year-olds has remained at around 16 to 17 percent since 2010, whereas the age groups 65 years and over have seen growth of nearly seven percentage points. Thus, the median age of the Chinese population has been constantly rising since 1970 and is forecast to reach 52 years by 2050. Accompanied by a slightly growing mortality rate of more than 7 per thousand, China is showing strong signs of an aging population. China's aging society The impact of this severe change in demographics is the subject of an ongoing scientific discussion. Rising standards of living in China contain the demand for better health care and pension insurance for retirees, which will be hard to meet with the social insurance system in China still being in its infancy. Per capita expenditure on medical care and services of urban households has grown more than ninefold since 2000 with a clear and distinctive upward trend for the near future. As for social security spending, public pension expenditure is forecast to take up approximately nine percent of China's GDP by 2050.

Since 1970, the median age of China’s population has continued to increase from around 20 years to around 37.5 years in 2020. According to estimates from the United Nations, the increasing trend will slow down when the median age will reach 50 years in the middle of the 21st century and will remain at around 60 years up to 2100. China’s aging population Although the median age of China’s population is still lower than in many developed countries, for example in Japan, the consequences of a rapidly aging population have already become a concern for the country’s future. As the most populated country in the world, the large labor force in China contributed to the country’s astonishing economic growth in the last decades. Nowadays however, the aging population is going to become a burden for China’s social welfare system and could change China’s economic situation. Reasons for the aging population Like in many other countries, increasing life expectancy is regarded as the main reason for the aging of the population. As healthcare and living standards have improved, life expectancy in China has also increased. In addition, the one-child policy led to a decreasing fertility rate in China, which further increased the share of older people in the society. Even though the one-child policy has been abolished in 2016, many young people are refraining from having children, largely due to the high costs of raising a child, career pressure and the pursuit of freedom.

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Real Estate Market Size 2025-2029

The real estate market size is forecast to increase by USD 1,258.6 billion at a CAGR of 5.6% between 2024 and 2029.

The market is experiencing significant shifts and innovations, with both residential and commercial sectors adapting to new trends and challenges. In the commercial realm, e-commerce growth is driving the demand for logistics and distribution centers, while virtual reality technology is revolutionizing property viewings. Europe's commercial real estate sector is witnessing a rise in smart city development, incorporating LED lighting and data centers to enhance sustainability and efficiency. In the residential sector, wellness real estate is gaining popularity, focusing on health and well-being. Real estate software and advertising services are essential tools for asset management, streamlining operations, and reaching potential buyers. Regulatory uncertainty remains a challenge, but innovation in construction technologies, such as generators and renewable energy solutions, is helping mitigate risks.

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The market continues to exhibit strong activity, driven by rising population growth and increasing demand for personal household space. Both residential and commercial sectors have experienced a rebound in home sales and leasing activity. The trend towards live-streaming rooms and remote work has further fueled demand for housing and commercial real estate. Economic conditions and local market dynamics influence the direction of the market, with interest rates playing a significant role in investment decisions. Fully furnished, semi-furnished, and unfurnished properties, as well as rental properties, remain popular options for buyers and tenants. Offline transactions continue to dominate, but online transactions are gaining traction.
The market encompasses a diverse range of assets, including land, improvements, buildings, fixtures, roads, structures, utility systems, and undeveloped property. Vacant land and undeveloped property present opportunities for investors, while the construction and development of new housing and commercial projects contribute to the market's overall growth.

How is this Real Estate Industry segmented and which is the largest segment?

The industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Residential
  Commercial
  Industrial


Business Segment

  Rental
  Sales


Manufacturing Type

  New construction
  Renovation and redevelopment
  Land development


Geography

  APAC

    China
    India
    Japan
    South Korea


  North America

    Canada
    US


  Europe

    Germany
    UK


  South America

    Brazil


  Middle East and Africa

By Type Insights

The residential segment is estimated to witness significant growth during the forecast period.

The market encompasses the buying and selling of properties designed for dwelling purposes, including buildings, single-family homes, apartments, townhouses, and more. Factors fueling growth in this sector include the increasing homeownership rate among millennials and urbanization trends. The Asia Pacific region, specifically China, dominates the market due to escalating homeownership rates. In India, the demand for affordable housing is a major driver, with initiatives like Pradhan Mantri Awas Yojana (PMAY) spurring the development of affordable housing projects catering to the needs of lower and middle-income groups. The commercial real estate segment, consisting of office buildings, shopping malls, hotels, and other commercial properties, is also experiencing growth.

Furthermore, economic and local market conditions, interest rates, and investment opportunities in fully furnished, semi-furnished, unfurnished properties, and rental properties influence the market dynamics. Technological integration, infrastructure development, and construction projects further shape the real estate landscape. Key sectors like transportation, logistics, agriculture, and the e-commerce sector also impact the market.

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The Residential segment was valued at USD 1440.30 billion in 2019 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 64% to the growth of the global market during the forecast period.

Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The Asia Pacific region holds the largest share of The market, dr

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Minimally Invasive Spine Surgery Market Size 2025-2029

The minimally invasive spine surgery market size is forecast to increase by USD 1.62 billion at a CAGR of 8.4% between 2024 and 2029.

Minimally invasive spine surgery (MISS) is a rapidly evolving field in orthopedics, characterized by smaller incisions, reduced trauma, and faster recovery times. The market for MISS is driven by the increasing incidence of spinal disorders, particularly in an aging population. This trend is further fueled by the integration of advanced technologies, such as AI and robotics, into surgical planning and execution using pedicle screw systems made of stainless steel. 
However, the high cost of MISS procedures remains a significant challenge, limiting accessibility for many patients. Despite this, the benefits of MISS, including improved patient outcomes and reduced hospital stays, continue to make it a preferred choice for treating various spinal conditions.

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Key technologies in this market include medical machines, endoscopes, laparoscopes, and fluoroscopes. These technologies enable surgeons to access the spine with precision, minimizing tissue damage. Materials like titanium alloys, stainless steel, polymers, biomaterials, and biologics are used In the production of implants and instruments. Artificial intelligence (AI) and robotics are also gaining traction, offering enhanced accuracy and improved patient outcomes. Overall, the market is experiencing significant growth and is expected to continue expanding as the demand for less invasive procedures increases.

How is this Minimally Invasive Spine Surgery Industry segmented?

The minimally invasive spine surgery industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Application

  Fusion surgery
  Non-fusion surgery


End-user

  Hospitals and clinics
  Ambulatory surgical centers (ASCs)


Product Type

  Implants & instrumentation
  Biomaterials


Treatment

  Lumbar Disc Herniation
  Thoracic Disc Herniation
  Spinal Stenosis
  Degenerative Spinal Disease
  Others


Geography

  North America

    Canada
    US


  Europe

    Germany
    UK
    France
    Italy


  Asia

    China
    India
    Japan
    South Korea


  Rest of World (ROW)

By Application Insights

The fusion surgery segment is estimated to witness significant growth during the forecast period.The Minimally Invasive Spine Surgery (MISS) market is primarily driven by the fusion surgery segment, which accounts for a substantial share due to its effectiveness in treating various spinal pathologies, including degenerative disc disease, spinal stenosis, and spondylolisthesis. MISS fusion surgeries offer several advantages over traditional open procedures, such as reduced post-operative pain, quicker recovery, and minimal tissue damage. Advanced spine surgery machines, such as metal implants and medical alloys, instrumentation, endoscopes, laparoscopes, and fluoroscopes, are integral to the success of MISS fusion surgeries.

The integration of advanced technologies, including artificial intelligence (AI), biomaterials (titanium alloys, polymers, biologics), and robotics, further enhances surgical precision and outcomes. The aging population, with conditions such as osteoarthritis (OA), rheumatoid arthritis (RA), osteoporosis, and degenerative spinal disorders, is a significant end-user group, fueling market growth. Other factors, such as excess body weight, sedentary lifestyle, hormonal imbalance, remote work culture, and medical conditions like blood clots, infection, nerve damage, spinal fluid leakage, bone spurs, spinal tumors, scoliosis, and spinal cord injuries, also contribute to the demand for MISS procedures.

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The fusion surgery segment was valued at USD 1.63 billion in 2019 and showed a gradual increase during the forecast period.

Regional Analysis

North America is estimated to contribute 51% to the growth of the global market during the forecast period.Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The North American market for minimally invasive spine surgery is prominent due to the region's advanced healthcare infrastructure and the increasing prevalence of spinal disorders. Factors driving market growth include the emphasis on patient-centric care and the integration of innovative surgical techniques. For instance, traumatic spinal cord injuries In the US number around 18,

In 2024, the total population of Taiwan increased to approximately 23.4 million people. The significant drop in 2021 and 2022 was mainly due to people leaving the island during the coronavirus pandemic, while the natural growth rate was also slightly negative. The return of many people in 2023 led to a growth in population. According to national statistics and projections, population numbers entered a general declining path in 2020. Taiwan's demographic development Taiwan experienced rapid population growth in the 1950s and 60s, but alongside with economic development, growth rates decreased significantly. Falling birth figures have also been attributed to Taiwan’s family planning policy, which was aimed at keeping population growth at check. This led to a situation on the island where overall population density was very high and still growing, while the total fertility rate dropped quickly and eventually reached extremely low levels compared internationally. In the 21st century, the challenges of a quickly aging society became more and more apparent and the government initiated family friendly and birth promoting policies. However, fertility still kept on decreasing and reached a historical low in 2010 at 0.9 births per woman on average, and only in recent years has the number of births increased slightly. Implications of an aging society Today's Taiwan, like many East Asian societies, faces the challenges of a rapidly aging population. While the share of the population aged 65 and older accounted to around 18 percent in 2023, it is projected to reach 43 percent in 2060. The old-age dependency ratio, which denotes the relation of people of 65 years and above to the working-age population, is expected to reach around 87 percent in those years. This puts heavy pressure on the working people and the economy as a whole. However, compared to mainland China, which is in a very much comparable demographic situation, Taiwan enjoys the advantage of a relatively wealthy society, which helps to curb the negative economic effects of an aging population.

The statistic shows the total population of India from 2019 to 2029. In 2023, the estimated total population in India amounted to approximately 1.43 billion people.

Total population in India

India currently has the second-largest population in the world and is projected to overtake top-ranking China within forty years. Its residents comprise more than one-seventh of the entire world’s population, and despite a slowly decreasing fertility rate (which still exceeds the replacement rate and keeps the median age of the population relatively low), an increasing life expectancy adds to an expanding population. In comparison with other countries whose populations are decreasing, such as Japan, India has a relatively small share of aged population, which indicates the probability of lower death rates and higher retention of the existing population.

With a land mass of less than half that of the United States and a population almost four times greater, India has recognized potential problems of its growing population. Government attempts to implement family planning programs have achieved varying degrees of success. Initiatives such as sterilization programs in the 1970s have been blamed for creating general antipathy to family planning, but the combined efforts of various family planning and contraception programs have helped halve fertility rates since the 1960s. The population growth rate has correspondingly shrunk as well, but has not yet reached less than one percent growth per year.

As home to thousands of ethnic groups, hundreds of languages, and numerous religions, a cohesive and broadly-supported effort to reduce population growth is difficult to create. Despite that, India is one country to watch in coming years. It is also a growing economic power; among other measures, its GDP per capita was expected to triple between 2003 and 2013 and was listed as the third-ranked country for its share of the global gross domestic product.

In 2024, Germany was the leading EU country in terms of population, with around 85 million inhabitants. In 2050, approximately 89.2 million people will live in Germany, according to the forecast. See the total EU population figures for more information. The global population The global population is rapidly increasing. Between 1990 and 2015, it increased by around 2 billion people. Furthermore, it is estimated that the global population will have increased by another 1 billion by 2030. Asia is the continent with the largest population, followed by Africa and Europe. In Asia,the two most populous nations worldwide are located, China and India. In 2014, the combined population in China and India alone amounted to more than 2.6 billion people. for comparison, the total population in the whole continent of Europe is at around 741 million people. As of 2014, about 60 percent of the global population was living in Asia, with only approximately 10 percent in Europe and even less in the United States. Europe is the continent with the second-highest life expectancy at birth in the world, only barely surpassed by Northern America. In 2013, the life expectancy at birth in Europe was around 78 years. Stable economies and developing and emerging markets in European countries provide for good living conditions. Seven of the top twenty countries in the world with the largest gross domestic product in 2015 are located in Europe.

In 2024, the average number of children born per 1,000 people in China ranged at 6.77. The birth rate has dropped considerably since 2016, and the number of births fell below the number of deaths in 2022 for the first time in decades, leading to a negative population growth rate. Recent development of the birth rate Similar to most East-Asian countries and territories, demographics in China today are characterized by a very low fertility rate. As low fertility in the long-term limits economic growth and leads to heavy strains on the pension and health systems, the Chinese government decided to support childbirth by gradually relaxing strict birth control measures, that had been in place for three decades. However, the effect of this policy change was considerably smaller than expected. The birth rate increased from 11.9 births per 1,000 inhabitants in 2010 to 14.57 births in 2012 and remained on a higher level for a couple of years, but then dropped again to a new low in 2018. This illustrates that other factors constrain the number of births today. These factors are most probably similar to those experienced in other developed countries as well: women preferring career opportunities over maternity, high costs for bringing up children, and changed social norms, to name only the most important ones. Future demographic prospects Between 2020 and 2023, the birth rate in China dropped to formerly unknown lows, most probably influenced by the coronavirus pandemic. As all COVID-19 restrictions were lifted by the end of 2022, births figures showed a catch-up effect in 2024. However, the scope of the rebound might be limited. A population breakdown by five-year age groups indicates that the drop in the number of births is also related to a shrinking number of people with child-bearing age. The age groups between 15 and 29 years today are considerably smaller than those between 30 and 44, leaving less space for the birth rate to increase. This effect is exacerbated by a considerable gender gap within younger age groups in China, with the number of females being much lower than that of males.

By 2030, the middle-class population in Asia-Pacific is expected to increase from 1.38 billion people in 2015 to 3.49 billion people. In comparison, the middle-class population of sub-Saharan Africa is expected to increase from 114 million in 2015 to 212 million in 2030.

Worldwide wealth

While the middle-class has been on the rise, there is still a huge disparity in global wealth and income. The United States had the highest number of individuals belonging to the top one percent of wealth holders, and the value of global wealth is only expected to increase over the coming years. Around 57 percent of the world’s population had assets valued at less than 10,000 U.S. dollars; while less than one percent had assets of more than million U.S. dollars. Asia had the highest percentage of investable assets in the world in 2018, whereas Oceania had the highest percent of non-investable assets.

The middle-class

The middle class is the group of people whose income falls in the middle of the scale. China accounted for over half of the global population for middle-class wealth in 2017. In the United States, the debate about the middle class “disappearing” has been a popular topic due to the increase in wealth to the top billionaires in the nation. Due to this, there have been arguments to increase taxes on the rich to help support the middle-class.

In 2024, about 60.9 percent of the Chinese population was between 16 and 59 years old. Apart from the information given on broad age groups in this statistic, some more information is provided by a timeline for the age distribution and a population breakdown by smaller age groups. Demographic development in China China ranked as the second most populous country in the world with a population of nearly 1.41 billion as of mid 2024, surpassed only by India. As the world population reached more than eight billion in mid 2024, China represented almost one fifth of the global population. China's population increased exponentially between the 1950s and the early 1980s due to Mao Zedong's population policy. To tackle the problem of overpopulation, a one-child policy was implemented in 1979. Since then, China's population growth has slowed from more than two percent per annum in the 1970s to around 0.5 percent per annum in the 2000s, and finally turned negative in 2022. China's aging population One outcome of the strict population policy is the acceleration of demographic aging trends. According to the United Nations, China's population median age has more than doubled over the last five decades, from 18 years in 1970 to 37.5 years in 2020. Few countries have aged faster than China. The dramatic aging of the population is matched by slower growth. The total fertility rate, measuring the number of children a woman can expect to have in her life, stood at just around 1.2 children. This incremental decline in labor force could lead to future challenges for the Chinese government, causing instability in current health care and social insurance mechanisms. To learn more about demographic development of the rural and urban population in China, please take a look at our reports on population in China and aging population in China.

In 2020, the child and old-age dependency ratios in China ranged at around 25.9 and 18.2 percent respectively, summing up to a total dependency ratio of 44.1 percent. While the child dependency ratio is expected to drop slightly and then remain stable, the old-age dependency ratio will rise steadily in coming decades. Age demographics in China With a populace of 1.4 billion people by the end of 2023, China stands the country with the second largest population in the world. Since its foundation in 1949, the PRC has experienced high population growth. With the beginning of the reform period in the end of the 1970s, population growth decreased steadily. Finally, China's population size peaked in 2021 and entered a declining path. Falling birth rates in combination with higher life expectancy led to a continuously increasing median age of the population in China over the past five decades. The median age of the Chinese population is expected to rise further and to reach 50 years by the middle of the century. Development of the dependency ratio China has enjoyed a continuously growing work force since the late 1970s. Simultaneously, the total dependency ratio in China decreased from 80 percent in 1970 to about 37 percent in 2010. However, an important turning point was reached in 2011, as the total dependency ratio was set to increase again after 30 years of population bonus. As can be seen from the above graph, until 2100, child-dependency is estimated to remain steady around 15 to 20 percent. Old-age dependency on the other hand is expected to grow from about 12 percent in 2010 to 69 percent in 2060, implying a growing number of senior citizens that need support from the working population. The shift of age demographics in the near future in China is bound to have ineligible economical and social impacts. To learn more about age demographics in China, take a look at our dossier aging population in China.