Gotonews’ Post

Population decline for the second year in a row, China faces more challenges China's population is set to decline for the second year in a row, with a decrease of 2.08 million people in 2023. This will bring the population down to 1.409 billion, and India is expected to surpass China as the most populous country. The birth rate is at its lowest since 1949, with only 9 million children expected to be born in 2023. The shrinking labor force and overloaded social security system may pose challenges for the Chinese economy. Despite this, China's GDP is expected to exceed the set target and increase by 5.2% in 2023, driven by policies to stimulate consumption and corporate tax exemptions. However, the economy is also facing difficulties in the real estate sector and a decrease in exports. The Chinese government is expected to deploy stronger economic stimulus measures to improve the growth rate. #AsiaOperations #Demographics #Vietnam Follow us for daily updates on risk and operations in Asia! https://lnkd.in/gWPJt-N5

Attempting to legislate an end to overpopulation is like turning a battleship around. It's tough. Just ask China. According to a piece in the Wall Street Journal last week, "When China launched its one-child policy more than four decades ago, it sped up an evolution toward smaller family sizes that would have happened more gradually." It seemed like a good idea, at the time. "The policy supercharged the country’s workforce: By caring for fewer children, young people could be more productive and put aside more money. For years, just as China was opening its economy, the share of working-age Chinese grew faster than the parts of the population that didn’t work. That was a big factor in China’s economic miracle." But, oh those unintended consequences. "There was a price and China is now paying it. Limiting births then means fewer workers now, and fewer women to give birth. A United Nations forecast published Thursday shows how quickly China is aging, a demographic crunch that the U.N. predicts will cut China’s population by more than half by the end of the century." China's economy is in the tank now and it will likely get worse later. #demographics #populationcontrol

In 2023, China's population fell by 850,000 to 1.41 billion, marking its first drop since 1961. In 2022, elderly population aged 65 and above reached 14.9% of the total population, making China an “aged society” by UN standards. This working paper provides a quantitative analysis of the potential macroeconomic impact of China's demographic shifts. The simulations conclude that population aging will weaken China's economic growth over the coming decades and strain public finances, stressing the urgency to implement structural reforms. This paper is part of AMRO's #ChinaEconomicInsights series. ▶️ Read: bit.ly/3TeQMRT

China's population has experienced a second consecutive year of decline, marked by a record-low birth rate. In this video story, we delved into the underlying reasons behind this demographic shift and its implications for the global landscape. Take a look at the video for a comprehensive understanding. https://lnkd.in/e_QPFjHA

The world's population is expected to peak over the next 50 years, with the 5 out of 6 largest populations set to increase. Interestingly, China is projected to experience a significant decrease in population by 2075. These changes will have a significant impact on the world's economy, environment, and society. #world #population Visual Capitalist

A fascinating chart from an article in the Wall Street Journal last week on the long-term demographic impacts of China’s one-child policy. According to the article, China will continue to pay a heavy price for the policy even though it was officially revoked in 2016. For instance: -China’s total population will decline by more than 10% between now and 2050, and by more than 50% by the end of the century. -India and the United States, the world’s two other most populous countries, will continue to grow over the same period. India’s population will be more than double that of China’s in 2100. -Over 30% of Chinese will be 65 or older in 2050. By 2100 that number will be 46%. Link to article: https://bit.ly/4faPuRt

There are many negative consequences of China’s accelerated population decline. But while China’s demographic crisis looks like that of other neighboring countries, it is coming at a lower level of economic development, and the problems it poses are exacerbated by some of the unique characteristics of China’s political system.

China's population dropped to 1.409 billion in 2023, marking a continued decline as urban dwellers delay having children due to economic pressures. Despite lifting the one-child policy, financial challenges and lifestyle priorities prevail. This demographic shift, which has seen China overtaken by India in population, poses significant economic challenges for the nation. Liked what you read? For more such 60 word news pieces delivered to your mail box, click the link in bio and subscribe to our daily newsletter! #ds #usnews #scrollmore #morningnews #dailynews #scrollupdate

We have released our first piece in the "External Voices" series! "A Shrinking Population Could be a Demographic Opportunity for China," by Xueqing Wang, a PhD Candidate at Princeton University’s Office of Population Research, and Lex Rieffel, founder of the From the Bridge Foundation and former US treasury Department economist and Brookings Institution scholar. They make the unique argument that China’s population decline can be viewed as a positive trend rather than a crisis, and that China will be more prosperous and powerful with a smaller population in the remaining years of this century. To read more, please go to https://lnkd.in/ew84rS72 Let us know what you think in the comments! Could a shrinking population be a demographic opportunity for China?

We, along with WIN | Worldwide Independent Network of MR & OP have recently published the results of the most recent #WIN World Survey on generational differences and perceptions of age and youth. Be sure to check out some of the global headlines below. 42 is the average age when Irish adults stop feeling young, in line with the global average. The Irish specific report is available on our website here: https://bit.ly/3WhqznL The Global report is available below. #SeeMoreClearly #WINMR #WINPoll #Generation #MarketResearch