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China's Shocking Population Decline: 2.08 Million Drop in 2023, Deaths Exceed Births by 2 Million - SirWiz News
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China’s population, which is currently 1.41 billion, is expected to decline for the second year in a row in 2023, according to a recent report from the National Bureau of Statistics of the nation. This is 2.08 million fewer than the year before, indicating a significant change in the patterns of population.

Falling Births, Rising Deaths

 According to the data, China saw a huge 2 million increase in deaths over births in 2023. The precise numbers show 11 million deaths and 9 million births, which is a sharp contrast to the 850,000 decrease in the previous year. Interestingly, the death rate in the country is rising and now stands at 7.87 per 1,000 inhabitants.

The country is experiencing a demographic problem due to its aging population, which is a result of previous measures like the one-child policy. With 6.39 births per 1,000 persons, the birthrate in 2023 was the least ever recorded. In 2023, India surpassed China to become the world’s most populous country.

Economic Impact on China

Economists caution that the country’s demographic concerns may have an effect on the country’s economic expansion. It becomes imperative to revive the drivers of the nation’s growth in order to prevent a debt-deflation spiral.

The Dragon Lunar New Year Effect

Every twelve years, there has historically been a surge in births around the dragon lunar new year. Still, China’s present childbearing demographic is less influenced by this superstition than it is in places like Taiwan or Singapore. The population has begun to decrease as a result of the one-child policy’s long-term implications.

China
 

According to UN projections, China will relinquish its position as the world’s most populated country in 2023 to India, marking a dramatic change in global rankings. This change is the result of evolving global population dynamics and demographic challenges.

The next few years will be crucial as China works through these demographic challenges. While avoiding potential economic dangers, the nation must work to revitalize the growth forces that drove its astonishing expansion during the previous forty years.

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