China’s population declined for the third year in a row in 2024, government data showed on Friday. The world’s second-most populous nation had a population of 1.408 billion at the end of 2024, down 1.39 million from the previous year. This is a big challenge for China as it faces an aging society and a shrinking workforce.
A Global and Regional Trend
China joins other East Asian nations like Japan, South Korea, and Hong Kong in facing declining birth rates. Rising living costs, delayed marriages, and a focus on higher education and careers have discouraged young people from starting families. Despite increased life expectancy, birth rates in China remain insufficient to counterbalance the aging population.
Legacy of the One-Child Policy
The demographic shift in China Partly due to the Chinese “one-child policy,” introduced to check population growth since the late 1970s, which was never actually a law, never was, but severely restricted births: there are reports of forced abortions, sterilizations, and heavy fines for over-running births. In rural areas, the preference for boys led to a bout of sex-selective abortions, further tilting the gender balance. The official sex ratio is reported these days as 104.34 men for every 100 women, while independent estimates hover at a much higher disparity.
Disturbing Demographic Numbers from China
China’s birthrate has plummeted, placing the country in its first population decline in decades, to 2023. The same year, India took the title of the world’s most populous nation. Today, more than 22% of the country’s population is 60 years or older, and that figure will exceed 30% by 2035. This aging trend exerts much pressure on China’s underfunded pension and social security systems; the issue of raising the low retirement age causes much debate.
Economic and Social Impact
The demographic shift towards an aging workforce combined with fewer youths joining the job market exposes China to significant economic instability risks. Experts are saying that “the country might grow old before growing rich.” It’s likely to threaten consumer demand, labor availability, and innovation potential. On the other hand, the country remains to be urbanized with 10 million people in 2024 alone bringing China’s urbanization rate to 67%. Rural schools and kindergartens are turned into elderly care centers.
Inactive Government Interventions
According to research, China’s government has initiated several measures to increase birth rates. These include cash incentives and housing subsidies to families having up to three children. However, the initiatives have, at best, had a meager success rate as younger generations are reluctant to expand their families because of increased costs and socio-economic pressures.
The Future
China has a complex future in store for itself, with its economic ambitions clashing with demographic realities. Experts believe that innovation in healthcare, social security reforms, and sustainable urban development will be key to addressing the challenges ahead. As the nation transitions further into an urbanized society, its leaders must craft policies that ensure long-term growth and stability for its aging population.
China’s population decline thus marks a decisive turning point in the history not only of that nation but of its position as well within world economic and social processes. Only time will tell how successfully it will cope with this demographic challenge.
