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China’s population has dropped and economists are worried – What the development might mean

THE Chinathe country with the largest population in the world, viz 1,411,778,724 people according to the 2020 census, recorded for the first time in decades decrease in its population in 2022. China’s National Bureau of Statistics revealed that the country had 850,000 fewer people at the end of 2022, compared to the previous year, which makes economists worried. More specifically, according to official data, deaths last year in China outnumbered births for the first time since 1961.

The fact that Mr population of China has begun to shrink creates a major shift that will have wide-ranging implications both domestically and globally. This could spell the end of China’s position as the world’s most populous country, a transition that could profoundly reshape the global economy in the long run, according to them New York Times. Its total population of India is expected to surpass China’s population later this year, according to a recent United Nations estimate, which has economists worried, the report said.

China has also been reluctant to relax rules immigration to stimulate the population by issuing relevant histories few green cards to replenish its shrinking workforce. To deal with labor shortages, China has outimgd low-skilled manufacturing to other Asian countries and is adding more automation to its factories, hoping to rely more on artificial intelligence and technology sectors for future growth.


Source: News Beast

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