Paul Yip
Paul Yip says a sound policy is essential for a sustainable future, given alarming projections showing a decline in numbers due to low fertility rates, fewer migrants and a rising grey tide.
According to its present trajectory, Hong Kong’s population will rise from 7.24 million to 8.22 million by 2043 and then enter a phase of depopulation. That is mainly due to extremely low fertility and an expected reduction in the number of migrants into Hong Kong over the next 30 years. At the same time, the proportion of older adults (aged 65 or over) is set to increase from the present 14 per cent to more than 30 per cent by 2043, whereas the size of the working population will decrease starting from 2018.
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