For the first time in six decades, China's population is shrinking and it is predicted it could create a demographic crisis. That's because China's population isn't just shrinking, it's also aging. The more concerning problem is that majority of Chinese couples are not considering having more than one child. Last week, officials announced that 2022 marked the first drop in total population, since the famine of the Great Leap Forward. China's demographic trajectory is far from usual. It is following in the path set by the rest of East Asia. China is predicted to lose nearly 50% of its population by 2100. This population decline can be traced back to the restrictive family-planning policies launched in the 1970 and an impressive economic boom fueled by China's huge labor force. China's modernization brought rapid urbanization rising income levels, and better education to large parts of the country. Combined, these policies and growth gave China one of t...
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