How Hong Kong, Singapore and other high-income Asian societies can defuse their demographic time bomb

The Covid-19 pandemic, which shows no sign of abating, made 2020 a landmark year. But it was also a milestone year from a demographic perspective. From January to November 2020, there were some 39,900 births and 45,400 deaths in Hong Kong, a natural decrease of 5,500 people. Births fell sharply, by 17 per cent, while deaths rose by 4 per cent during the first 11 months of 2020 compared with the same period in 2019. It is very likely that the annual number of deaths will exceed that of births…

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