1/🧵
China's demographics could be taking a turn for the worse. This country is already is in a demographic crisis. It saw it population drop by 850K in 2022. This might not seem like much with 1.4B people.
1/🧵
China's demographics could be taking a turn for the worse. This country is already is in a demographic crisis. It saw it population drop by 850K in 2022. This might not seem like much with 1.4B people.
2/ The problem is that it is likely to get worse. The state run media came out this week to debunk a report that the number of births for 2023 could dip to 8 million. The gov't claims it will be 8.5-9M.
Different information from the same country, but for me I will say COVID is definitely one of the reasons for the population decrease, in which I still believe that their are errors In figure given
After 1980, PRC was famous 4 1 Child Policy. Sons were kept; many daughters weren't. 1 long-term side effect is these sons have trouble finding mates. Only in recent years was this a problem. 1 Child Policy was dropped in recent years.
3/ Even still that is down from the 9.5M in 2022 and the 17M in 2016. This is a trend that is sloping down, making the demographic tree for the country even worse. This is not good for economic productivity going forward.
4/ Many fear that things will get really bad by the middle of this decade. If this persists, we could see China lose more than 25% of its population by 2050. This would make the tree look awful.
5/ This is a Japanese style demographic implosion but on steroids. The problem is that aging populations lose productivity while consuming less. Here is where the ability to support all the older workers, economically, falters.
I was not aware of this, it is really alarming because we are not talking about a few people, but millions. On the other hand, China I don't think will accept the reality, they will try to have control of the information.
To read full article:
https://leofinance.io/posts/taskmaster4450le/chinas-demographic-time-bomb-is-here
This is an interesting publication @taskmaster4450le! A result of a blunder in controlling population growth in the early 21th century.
I really believe that China did not disclose the true number of how many they lost to COVID.