The Chinese Population Decline Will Have Broad Implications.
Tiananmen Square
“China’s ruling Communist Party is facing a national emergency. To fix it, the party wants more women to have more babies.
It has offered them sweeteners, like cheaper housing, tax benefits and cash. It has also invoked patriotism, calling on them to be “good wives and mothers.”
The efforts aren’t working. Chinese women have been shunning marriage and babies at such a rapid pace that China’s population in 2023 shrank for the second straight year, accelerating the government’s sense of crisis over the country’s rapidly aging population and its economic future.”
Aging populations are forcing nations to rethink many aspects of their society from healthcare to public pensions that are now at risk of collapse. The aging demographics are primarily affecting developed nations and nearly developed nations like China. Economic growth and future prosperity depend on a robust growing population with a significant number of people under 30 to continue fueling expansion.
