"China's Declining Birth Rates: Implications for Global Economy"

China's population has declined for the second consecutive year, with birth rates dropping and death rates rising after the end of the one-child policy. The total number of people in China dropped by 2.08 million in 2023, with only nine million births compared to 2016's total. The nation's total fertility rate is 1.09, well below the replacement rate, and the working-age population is decreasing while the elderly population is increasing. Despite government efforts to encourage more births, including financial incentives and lectures on family values, factors such as economic uncertainty, discrimination against women, and the lingering impact of the one-child policy continue to contribute to the population decline.