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China Faces Population Decline of 51 Million Over Next Decade, More Than California: Bloomberg Intelligence

Nov 18, 2024, 06:58 AM

China is facing a significant population decline, with projections indicating a shrinkage of 51 million people over the next decade, more than the size of California, according to Bloomberg Intelligence. This decline is part of a broader trend, as the United Nations projects that China's population could halve by 2100. The aging population is a critical factor, with one in five Chinese citizens aged 60 or above. The Chinese government is grappling with reversing the falling birth rate and addressing the needs of its 300 million elderly citizens. This demographic shift presents both challenges and opportunities, including a potential trillion-dollar silver economy.