For the first time in decades, the population of China began to decline
China's population has declined for the first time since 1961 and if this trend continues, which will have serious consequences for the country's economy.
The number of deaths in China for the first time in the last 60 years exceeded the number of births in a year, writes The New York Time, citing the National Bureau of Statistics of China.
“China's population has shrunk by about 850,000 and now stands at 1.41 billion. Last year, 9.56 million people were born in China, while 10.41 million died. The last time deaths exceeded births was during the Great Leap Forward. 1958-1960 – economic policy of Mao Zedong, which led to mass starvation”, – said in the message.
The birth rate in the country has been declining for the sixth year in a row. It is expected that by 2035, 400 million people in China will be over 60 years old, which is almost a third of the population. A labor shortage and a rapidly aging population will reduce tax revenues and contributions to an already under enormous pressure pension system.
The birth rate last year was 6.77 newborns per 1,000 people compared to from 7.52 – 2021, which was the lowest birth rate on record.
China also recorded the highest death rate since 1974: 7.37 deaths per 1,000 people, compared to 7.18 deaths a year earlier. UN experts predict that China's population will decline by 109 million by 2050.
The demographic decline is the result of China's one-child policy, which was introduced between 1980 and 2015, as well as significant education spending , because of which many Chinese refused to have more than one child. The outbreak of coronavirus in China could also affect the performance.
China's leader Xi Jinping called the country's demographic problems a priority, promising a “national policy system aimed at increasing the birth rate”.
Prepared by: Nina Petrovich