The size of China’s workforce declined for the second straight year in 2013, a trend that is set to continue and have widespread implications for emerging markets, according to experts.
The country’s working age population fell by 2.44 million to 919.54 million in 2013, marking the second consecutive year of decline, the National Bureau of Statistics (NBS) reported on Monday.
The working age population – defined as those from 15 to 59 – accounted for 67.6 percent of the country’s overall population – down 1.6 percentage points from the previous year.
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