"China's population shrinks, heralding a demographic crisis" for the first time since 1961. That trend has hastened another worrying event: the day when China will not have enough people of working age to fuel the high-speed growth that made it an engine of the global economy. [China’s Population Falls, Heralding a Demographic Crisis – NYT]
The world’s most populous country has reached a pivotal moment: China’s population has begun to shrink, after a steady, yearslong decline in its birthrate that experts say will be irreversible.
The government said on Tuesday that 9.56 million people were born in China last year, while 10.41 million people died. It was the first time deaths had outnumbered births in China since the Great Leap Forward, Mao Zedong’s failed economic experiment that led to widespread famine and death in the 1960s.
Chinese officials have tried for years to slow down the arrival of this moment, loosening a one-child policy and offering incentives to encourage families to have children. None of those policies worked. Now, facing a population decline, coupled with a long-running rise in life expectancy, the country is being thrust into a demographic crisis that will have consequences not just for China and its economy but for the world.
“In the long run, we are going to see a China the world has never seen,” said Wang Feng, a professor of sociology at the University of California at Irvine who specializes in China’s demographics. “It will no longer be the young, vibrant, growing population. We will start to appreciate China, in terms of its population, as an old and shrinking population.”
Births were down from 10.6 million in 2021, the sixth straight year that the number had fallen, according to the National Bureau of Statistics. By 2035, 400 million people in China are expected to be over 60, accounting for nearly a third of its population. Labor shortages that will accompany China’s rapidly aging population will also reduce tax revenue and contributions to a pension system that is already under enormous pressure.
The news of China’s population decline comes at a challenging time for the government in Beijing, which is dealing with the fallout from the sudden reversal last month of its zero-tolerance policy toward Covid.
China on Tuesday released data that showed the depth of its economic challenges. The country’s gross domestic product, the broadest measure of its commercial vitality, grew just 2.9 percent in the last three months of the year after widespread lockdowns and the recent surge in Covid infections. Over the whole year, China’s economy grew only 3 percent, its slowest rate in
