China’s population declines for the second consecutive year, economic growth may slow down! This fear is haunting the dragon

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China Population: The continuous decline of population in China remains a matter of concern. The death rate is continuously increasing but the birth rate is decreasing. China’s population has declined for the second consecutive year. Due to increasing death rate and decreasing birth rate, the population has decreased by 20 lakhs in the year 2023. According to the data of Bureau of Statistics, the total population of the country is currently 1.4 billion. Demographers had feared a sharp increase in the death toll due to the outbreak of Covid-19.

Population decline is a big challenge for China
There has been a continuous decline in the birth rate in China. This decline has been an economic and social challenge for the dragon for a long time. Due to the decline in birth rate, the number of elderly people in the average population of China is increasing rapidly. Due to this, there may be a decrease in the number of workers and economic growth may also slow down over time. Additionally, providing services to a large elderly population can also pose a challenge to a country’s capacity to provide services, as their pension, health and social care costs can place a heavy burden on economic growth.

Rapid economic growth made possible by China’s large and cheap workforce
The rapid economic growth that China has experienced in the last few decades is the result of a large and cheap workforce. But the situation has changed in recent years. Due to decline in population, fewer workers are available. Due to this, foreign companies are looking for alternatives other than China for their production. This is putting China’s economic development model at risk. However, it is a matter of some relief for China that even after the birth rate has declined for the seventh consecutive year, the decline this time is less compared to previous years. Last year about 90 lakh children were born.

Only one child policy is proving costly
In the 1960s, when China was going through a population explosion, the Chinese government tried to control population growth by implementing a one-child policy. However, now the same policy can affect China’s development. However, the government officially ended this policy in 2016. Also an attempt has been made to encourage birth but it has not achieved much success. China’s population has been continuously decreasing. Chinese people are marrying late. At the same time, due to high expenses in education and upbringing, most of the people are still following the policy of one child. With language input.

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