CHILDLESS CHINA
[The most arguably pertinent question to ask of any developing country is: Does this country have time to get rich before it gets old? In China’s case that question has now been answered. The answer is No.]
China’s total population declined for a second consecutive year in 2023 due to a record-low birth rate and an uptick in Covid-19 deaths. The decline will inevitably deter the economy’s growth potential and continue to strain a nation where the elderly overwhelmingly outnumber the young.
The National Bureau of Statistics, a Chinese government agency, reported that the total number of people in China decreased by 2.08 million in 2023. Overall, the population declined by 0.15 percent, from 1.411 billion to 1.409 billion in 2023. China’s population aged 60 and over reached 296.97 million in 2023, accounting for about 21.1 percent of its total population.
As new births fell 5.7 percent to 9.02 million, the 2023 Chinese birth rate also hit a new record. With only 6.39 births per 1,000 people, the 2023 birth rate was even lower than 2022’s record of 6.77 births per 1,000 people.











