1674008720 Chinas population is shrinking for the first time in 60

China’s population is shrinking for the first time in 60 years. India to overtake

For the first time in 60 years The Chinese population is declining. In 2022, the number of people living in the country decreased by 850,000 and reached 1 billion and 411 million. According to demographers, a historic turning point that was in the air given the trends of recent years it will also have important economic implications. Population growth alone is already driving the size of the gross domestic product, which also means the aging of the population more public spending on health and pensions and restructuring of consumption. China’s GDP grew 3% last yearslightly more than expected but below the target of 5.5% indicated by the central government and in a crucial slowdown compared to +8.4% in 2021.

China's exports fell for the third straight month.  In December – 10%.  They trade with Russia

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China’s exports fell for the third straight month. In December – 10%. They trade with Russia

There is a suspicion that the population was already declining in 2018, but this data was it previously hidden from the authorities. They were born in China in 2022, according to today’s release from the National Bureau of Statistics 9 million 560 thousand children, a million less than 2021. The birth rate dropped to 6.77 births per thousand population compared to 10.4 in 2019. The reverse is the mortality rate it rose from 7.09 to 7.37 per thousand. The number of women of maternity age (between 15 and 49) will fall by 4 million. Along with Japan and South Korea, China now has one of the lowest fertility rates in the world, below what is needed to keep the population constant.

The United Nations takes care of that China’s population will shrink to 1.31 billion by 2050 it is at 767 million by the end of the century. However, India is expected to overtake China in terms of population this year. 2020 economists Charles Goodhart and Manoj Pradhan have published the book “The Great Demographic Reversal: Aging Society, waning inequality and inflation revival”, in which they explain, among other things, how the aging of the Chinese population could affect global inflation and facilitate a recovery in bargaining power of western workers. This is mainly because there are fewer low-wage workers. There are objections that greater use of automation will offset this dynamic.

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