The deputy minister of the National Health and Family Planning Commission says China is not facing a labor shortage.

Wang Pei'an told a news conference on Saturday that the population aged between 15 and 64 years old was 1 billion by the end of 2015, accounting for 73 percent of China's total population.

By 2050, the number in that age group is still be more than 800 million.

Wang pointed out that that's in contrast to the combined number of 15-64 year olds in all developed countries in the United States and Europe which is 730 million at present.