News Analysis
China, the world’s most populous country, has reached a turning point in history as it recently announced its first population decline in 60 years. China analysts predict severe problems for the world’s second-largest economy owing in part to its shrinking population.
According to Beijing critics, the Chinese Communist Party (CCP) has spent decades attempting to boost domestic scientific and technological innovation by any means possible, including theft. However, they believe that China’s goal of overtaking the U.S. economy by the 2030s or 2050s is now a pipe dream.
The country’s National Bureau of Statistics reported a population decline of roughly 850,000 to a total of 1.41 billion in 2022. This is the first drop China has officially reported since 1961, the final year of the country’s Great Famine, which was estimated to kill at least 40 million people….