China's population fell for a third consecutive year in 2024, with the number of deaths outpacing a slight increase in births, and experts cautioning that the trend will accelerate in the coming years, SİA informs via Reuters.
The National Bureau of Statistics said the total number of people in China dropped by 1.39 million to 1.408 billion in 2024, compared to 1.409 billion in 2023.
Friday's data reinforces concerns that the world's second largest economy will struggle as the number of workers and consumers declines. Rising costs from elderly care and retirement benefits are also likely to create additional strains for already indebted local governments.
China's total number of births was 9.54 million versus 9.02 million in 2023, the statistics bureau said. The birth rate rose to 6.77 births per 1,000 people in 2024 versus 6.39 per 1,000 people in 2023.
The number of deaths was 10.93 million in 2024 from 11.1 million in 2023.
China's birth rates have been falling for decades as a result of the one-child policy China implemented from 1980 to 2015 as well as rapid urbanization.
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