China may be one of the largest countries in the world in terms of demographics but the situation might change in the next decades if it will not address the issue of its population. To be clear, the issue here is that China will have a long-term population decline which, experts say, could hamper its economic growth in the future.
Should fertility rates remain unchanged, then China could even shrink to 1.17 billion people by 2065, according to the China Academy of Social Sciences.
“From a theoretical point of view, the long-term population decline, especially when it is accompanied by a continuously aging population, is bound to cause very unfavorable social and economic consequences,” the report said.
(Image credit: Denys Nevozhai/Unsplash)