China's population declines for 2nd year in a row, and so has its workforce | World News - Hindustan Times
close_game
close_game

China's population declines for 2nd year in a row, and so has its workforce; surge seen in elderly people

Jan 17, 2024 10:42 AM IST

The record-low birth rates and a wave of Covid-19 deaths are attributed to the decline in population of the country.

China has reported a downward trend in its population growth for the second consecutive time in 2023, giving rise to its deepening demographic challenge, which is likely to burden its economy – the second largest in the world.

The birth rate saw a record drop of 6.39 births per 1,000 people from 6.77 a year earlier.(Reuters)
The birth rate saw a record drop of 6.39 births per 1,000 people from 6.77 a year earlier.(Reuters)

According to China's National Bureau of Statistics (NBS), the country's population fell by around 2.08 million people in 2023 compared to the previous year. China currently has a total of 1.409 billion people, which makes it the second most populated country. India surpassed China last year as the world's most populous country.

Unlock exclusive access to the story of India's general elections, only on the HT App. Download Now!

Also read: Canada ‘caught in a population trap’ due to unsustainable levels of immigration: Report

The record-low birth rates and a wave of Covid-19 deaths are attributed to the population decline. In 2022, it dropped by 8.5 lakh people – the first population downswing reported since the Great Famine of 1961 during China's former leader Mao Tse-tung era.

The birth rate saw a record drop of 6.39 births per 1,000 people from 6.77 a year earlier – the lowest since the foundation of the Communist regime in China.

Meanwhile, the NBS reported an upward trend in the country's economy. It grew marginally above the government's predicted target at 5.2%. The pace of growth is still the country's ‘worst economic performance’ in three decades.

There has been a drop in the country's workforce, which constitutes people between the 16 and 59 years of age group, by 10.75 million from 2022. People above the age of 60 years surged by 16.93 million from 2022.

In 2015, the Chinese government scrapped its highly controversial ‘one-child policy’ following the decreasing strength of the country's workforce and rapidly ageing population.

Discover the complete story of India's general elections on our exclusive Elections Product! Access all the content absolutely free on the HT App. Download now!

Get Latest World News, Israel Iran conflict LIVE along with Latest News from India at Hindustan Times.
SHARE THIS ARTICLE ON
Share this article
SHARE
Story Saved
Live Score
OPEN APP
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Tuesday, April 16, 2024
Start 14 Days Free Trial Subscribe Now
Follow Us On