January 19, 2023 China
According to statistics, China’s birth rate fell, causing the country to see its first population fall in 60 years.
The most populated nation in the world had 850,000 fewer citizens at the end of 2022 than the previous year, according to data released on Tuesday by China’s National Bureau of Statistics.
According to the bureau, there were 9.56 million births and 10.41 million deaths in the total population of 1.41 billion.
The total population of mainland China is included; Hong Kong, Macao, and international inhabitants are not included.
The decline, the first in the final year of China’s Great Famine since 1961, is anticipated to have a significant impact on both the domestic economy and the global economy.
The lowest birth rate ever recorded was 6.77 births per 1,000 people in China in 2017, down from 7.52 births per 1,000 people in 2021.
The 35-year-old one-child policy in China and the exorbitant cost of raising children have been widely blamed for the demographic decline.
It also corroborates predictions that India will overtake China as the world’s most populous nation.
The future is “bleaker than expected”
The country’s declining labor force and decline in manufacturing, according to demographer Yi Fuxian, will worsen already high costs and high inflation in the United States and Europe.
China will need to modify its social, economic, defense, and diplomatic policies, he continued, as the country’s demographic and economic prospects were considerably worse than anticipated.
However, Kang Yi, the director of China’s National Bureau of Statistics, claimed that the country’s overall labor supply continues to outpace demand.
If it hasn’t already, India is predicted to surpass China as the world’s most populated nation very soon.
According to Statista, the population of India is estimated to be above 1.4 billion, which is equal to the population of all of Africa in 2022.
According to projections made by the UN last year, India will overtake China as the world’s most populated country in 2023.
The US Census Bureau has projected that there are more than 333 million people living in the United States, whereas the Office for National Statistics has forecast that the UK population would be 67.1 million in 2020.