China’s population declined for the second year, shrinking by 2.1 million in 2023.

China’s population declined for the second consecutive year in 2023, with a decrease of approximately 2.08 million people. The number of births has also significantly dropped, with around 9 million births in 2023, which is about half of the number in 2016.

This demographic shift poses substantial challenges for China’s economy, including a shrinking labor force and an aging population. These factors could impact economic growth and social stability in the long term.

Sources:

⚠️CHINA'S POPULATION HAS CONTRACTED FOR THE 2ND CONSECUTIVE YEAR⚠️

In 2023, Chinese population shrank by 2.1 million people.

Since 2016, the number of births have fallen by ~50% to 9 million.

China has a significant demographics problem translating to the economy. pic.twitter.com/mAQJEZJoCw

— Global Markets Investor (@GlobalMktObserv) September 17, 2024