JPMorgan Econ FI-China Growth and the labor force gender disparity-106902776

TingtingGe(852)2800-0143GraceNg(852)2800-7002AsiaPacificEconomicResearchJPMORGANtingting.ge@jpmorgan.comgrace.h.ng@jpmorgan.com07March2024JPMorganChaseBank,N.A.,HongKongBranchJPMorganChaseBank,N.A.,HongKongBranchHaibinZhu(852)2800-7039JiYan(852)2800-7673haibin.zhu@jpmorgan.comji.yan@jpmorgan.comJPMorganChaseBank,N.A.,HongKongBranchJPMorganChaseBank,N.A.,HongKongBranchChina:Growthandthelaborultrasonographymachines(eventhoughthepracticeisille-forcegenderdisparitygal).•FemalelaborforceparticipationratiohasfallentoFigure1:Chinasexratios60%,amidfastershrinkageofworking-agepopulationMalesper100females•Femalesspendmoretimeonunpaidfamilywork,118especiallychildcareduetolessgovernmentsupport116Sexratioatbirth•Bettereducationdoesn’tgrantfemaleshigherwages,114Overallsexratiowhoareseverelyunderrepresentedinleadershiproles112•ClosinglaborforcegendergaplikelycouldliftChina’s110annualgrowthbymorethan0.23%108•Moreeffortsareneededtosecureequaljobaccess,106empowerequalvoiceandimprovesocialwelfare104Chinahasrisenasaglobaleconomicpowerinthepastfew102decades,butonekeychallengetheeconomynowfacesis60657075808590950005101520potentialgrowthdeceleration.WeestimatethatChina’spotentialgrowthhasslowedfromabove10%onaverageSource:NBS,WorldBank,J.P.Morganbetween1990-2010,toaround6%inthefiveyearspriortothepandemic,andwilldeceleratefur...