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China's population shrinks for first time in over 60 years

China's population shrinks for first time in over 60 years

13 Sept 05:45 Key points summarised by AI
  • China's population declined in 2022 for the first time in over six decades, shrinking by 850,000 people to 1.41 billion.
  • This demographic shift is primarily due to record-low birth rates and an aging workforce, despite the government ending the one-child policy in 2016 and allowing three children in 2021.
  • The population decline poses a significant threat to China's economic growth and public finances, as the country can no longer rely on a 'demographic dividend' for development.
  • While local authorities are implementing incentives like birth bonuses, experts stress the necessity of comprehensive policies to reduce child-raising costs and address women's job insecurity.
  • India is projected to surpass China as the world's most populous country this year, with China's population predicted to decline significantly, potentially reaching 587 million by 2100.
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