China's population will decline for the third consecutive year in 2024, China's National Bureau of Statistics reported on Friday.
China's total population will be 1.48 billion at the end of 2024, a decrease of 1.39 million from 2023. According to Go to press release. The main reason for this country's continued population decline is the declining birth rate, which is steadily increasing. is in decline For half a century.
China introduced it nationwide one child policy In the late 1970s, in an attempt to reduce the country's huge population. The end of the one-child policy was announced at the end of 2015 and officially ended in 2016. According to To Britannica. Britannica reports that starting in 2016, the Chinese government allowed all families to have two children, and in 2021 all couples were allowed to have up to three children.
Since China switched to a three-child policy in 2021, it has launched a national campaign to encourage a “culture that promotes childbirth” due to its aging and declining population, CNN reported. reported. Many factors are at play, including rising costs of living and education. I was discouraged Some Chinese women were unable to bear children. (Related: Exclusive: Documents and recordings reveal how TikTok forced staff to swear an oath to support China's 'socialist system')
(Photo by LEAH MILLIS/POOL/AFP via Getty Images)
Beijing's economy has been marred by a range of woes over the past few years, including a volatile housing market and staggering levels of national debt. Notably, China also has a large inventory of unsold homes, Goldman Sachs researchers note. Estimation Once fully built out, it will reach $13 trillion in November.
Meanwhile, China's national debt reached $4.23 trillion as of December 2023, up from $3.7507 trillion the previous year. According to Go to CEIC data. The country also suffered huge economic losses during the Chinese government's strict “zero-corona” lockdown amid the COVID-19 pandemic.
The world's second-largest economy by gross domestic product (GDP) was worth 17794.78 billion dollars 2023. Country's GDP rose In the fourth quarter of 2024, it rose to 5.4%, exceeding expectations. In December, Chinese President Xi Jinping promised to implement more aggressive economic policies in 2025, Reuters reported. reported.
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