Share: Share on Facebook Share on Twitter Share on LinkedIn I recommend visiting cushmanwakefield.com to read:%0A%0A {0} %0A%0A {1}

Interpreting China’s Seventh National Population Census

Sabrina Wei • 07/06/2021
China National Population Census Report 2021
 

Demographic Changes Will Have Significant Implications for China's Real Estate Market

 
China’s once-a-decade national population census is a formidable undertaking designed to reveal the makeup of the world’s most populous nation. The data it generates – including ages, occupations, residency status and education levels – is a prized commodity for central government, informing policy and processes for the years ahead. The seventh such national census was conducted through November and December of 2020, with preliminary results released by the National Bureau of Statistics on May 11, 2021, and presented at a briefing conducted with the State Council Information Office.
 
Among the census findings presented at the preliminary results briefing, some key data points indicate that important demographic changes are occurring within China:
 
  • The national population has continued to grow -- reaching 1.41 billion in 2020 -- but the annual growth rate has slowed notably, to just 0.53% over the past ten years
  • The population is also aging, with citizens aged 60 and above now accounting for 18.7% of the total, up 5.44 percentage points from 2010
  • Family sizes have continued to fall, to an average of 2.62 people, down from 3.1 people in 2010
  • More people are moving to cities, resultant from the sustained drive towards urbanization
  • Migration towards the more economically developed regions and city clusters is also evident
  • Education levels are rising, with 154,670 people per 1 million now attaining a university education, compared with 89,300 in 2010
 
These census findings have important implications for the future of China’s national and economic development, central government policy making, and commercial real estate. In this report we distill out four key takeaways for the China CRE market.

Related Insights

Hong Kong Talent Housing Report 2023
Research • Residential

Hong Kong Talent Housing: A New Niche Sector

During his first Policy Address in 2022, Hong Kong Chief Executive John Lee unveiled plans to “proactively trawl the world for talent.” Despite experiencing a decline in talent inflows during the COVID period, Hong Kong’s market has witnessed a recovery of incoming talent since 2020, including expat professionals and non-local university students, resuming the continued growth seen before the pandemic and indicating ongoing demand for housing in the city.
 
Rosanna Tang • 07/06/2023
Philippine Property Market News (January 2020)
Research • Insights

Philippines Property Market News

Our May 2023 edition of the report provides the latest updates in the Philippine commercial real estate industry as well as insights on the local sectors.
Claro Cordero Jr. • 05/06/2023

Related Stories

Metro_Tamasakai_image2_compressed---750-456
METRO CASH & CARRY JAPAN • Wholesale Retail
Learn More
Metro_Tamasakai_image2_compressed---750-456
METRO CASH & CARRY JAPAN • Wholesale Retail
Learn More

CAN'T FIND WHAT YOU'RE LOOKING FOR?

Get in touch with one of our professionals.
With your permission we and our partners would like to use cookies in order to access and record information and process personal data, such as unique identifiers and standard information sent by a device to ensure our website performs as expected, to develop and improve our products, and for advertising and insight purposes.

Alternatively click on More Options and select your preferences before providing or refusing consent. Some processing of your personal data may not require your consent, but you have a right to object to such processing.

You can change your preferences at any time by returning to this site or clicking on Privacy & Cookies.
MORE OPTIONS
AGREE AND CLOSE
These cookies ensure that our website performs as expected,for example website traffic load is balanced across our servers to prevent our website from crashing during particularly high usage.
These cookies allow our website to remember choices you make (such as your user name, language or the region you are in) and provide enhanced features. These cookies do not gather any information about you that could be used for advertising or remember where you have been on the internet.
These cookies allow us to work with our marketing partners to understand which ads or links you have clicked on before arriving on our website or to help us make our advertising more relevant to you.
Agree All
Reject All
SAVE SETTINGS