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China's top leadership pledged at the Central Economic Work Conference in December to speed up financial sector reforms and continue improving the underlying framework of the capital market.

China's tightening of financial policy has already hit financial markets, pushing up bond yields and caused major sell-offs in the equity market this month. But "policymakers remain in a goldilocks period, where they can make progress on the deleveraging agenda without obvious signs of a drag on growth", Orlik said.

China’s population will still be 1.3 billion, with the population falling everywhere else in the world but Africa.

China's pork prices are softening thanks to a string of measures. Last week's average pork wholesale price in the country's 36 major cities dropped by 8.6 percent over the previous week, MOC data showed.

China's social insurance system is the largest in the world. About 900 million people are included in the endowment insurance system, and more than 1.3 billion are covered by medical insurance, according to a statement from the center provided exclusively to China Daily.