China's demographic disaster / The three-child policy is failing. Birth rates are lower than ever, and the country is losing millions of inhabitants
China's three-child policy has failed to boost birth rates, leading to a population decline as the country lost 3.39 million inhabitants last year.
The article discusses China's demographic challenges, particularly highlighting the failure of the three-child policy intended to curb declining birth rates. A decade ago, China seemed poised to lead the world economically, with significant GDP growth and a burgeoning population. However, recent data shows a stark reversal, as the country lost 3.39 million people last year alone, excluding the large numbers of educated emigrants leaving the country.
This demographic decline is significant against the backdrop of a total population of 1.4 billion, especially considering it reflects a broader trend of declining fertility rates in China. The failure to stabilize or increase birth rates threatens long-term economic growth and not only emphasizes the challenges posed by rapid urbanization but also highlights potential labor shortages that could hinder future development. Amid this backdrop, China's competition with the United States for global supremacy faces new challenges as demographic factors play a more influential role.
The article concludes by stressing that the implications of China's demographic catastrophe extend beyond mere numbers; it suggests a potential shift in power dynamics in the international arena as the country wrestles with its increasingly aging society. This situation calls for urgent and effective policy responses that could foster a more conducive environment for families and improve the living standards necessary to raise birth rates in a country where the cost of living continues to rise.