China’s People Problem Swings From Too Many to a ‘Decline That Sees No End’

Link: https://www.wsj.com/articles/chinas-people-problem-swings-from-too-many-to-a-decline-that-sees-no-end-11620903602

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Excerpt:

Births in China plunged 18% in 2020, though Covid-19 may have played a part, and, if so, fewer newborns might arrive in 2021 as well.

China will remain enormous, but the figures signal a waning of the demographic trends that came to define its modern era, with its huge working-age population spurring 40-plus straight years of economic expansion. A drop in household size, for example, to 2.6 last year from 3.1 a decade earlier, highlights the effects of the birth restrictions since about 1980.

The challenge for China now is its shrinking working-age population versus its growing elderly one, represented by only 12 million annual births, a fractional number for such a populous country.

In the latest census, 63% of Chinese were ages 15 to 59, compared with 70% in 2010, while nearly 19% in 2020 were 60 years old or above, versus 13% a decade earlier.

Author(s): James T. Areddy, Liyan Qi

Publication Date: 13 May 2021

Publication Site: Wall Street Journal