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China’s population decline continues for a third consecutive year, presenting obstacles for government and economy.


China’s population has fallen for the third consecutive year, presenting significant challenges for the country. The declining population, standing at 1.408 billion at the end of 2024, is attributed to rising costs of living, which are causing young people to delay or forgo marriage and childbirth in favor of education and careers. This trend is seen not only in China but also in other East Asian countries like Japan and South Korea.

China’s population growth has been affected by its strict immigration policies, with the country now facing an aging population and a shortage of working-age individuals. The implementation of the “one child policy” in the past has further exacerbated the issue, leading to a lopsided sex ratio and a declining birth rate. As a result, the social security system is under severe pressure, with an increasing number of Chinese citizens refusing to contribute to the underfunded pension system.

The government has introduced incentives to encourage population growth, such as cash payouts for having up to three children and financial assistance with housing costs. However, these measures have had only temporary effects, and the country is still facing challenges related to an aging population, declining workforce, and lack of consumer markets. Overall, China’s population decline and demographic challenges are impacting the country’s economic growth and social security system, leading to discussions about raising the retirement age and repurposing schools into care facilities for older individuals.

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www.nbcnews.com

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