In 2022 the population of China declined for the first time in decades. It is now estimated that India may have surpassed China, becoming the most populous country in the world
China has now started to suffer the consequences of its decades-long one-child policy. Its demographic impact may take generations to correct. Some are projecting a real risk now that the Chinese economy may never catch up to the size of the US economy.
Western Europe has also been suffering from similar declining birth rates, partly due to high cost and difficulty of raising a child. The prime minister of Japan has also noted that for Japan to remain a robust, growing economy, its birth rate must increase. Read more…