China's population fell last year for the first time in six decades, a historic turn that is expected to mark the start of a long period of decline in its citizen numbers with profound implications for its economy and the world.
The drop, the worst since 1961, the last year of China's Great Famine, also lends weight to predictions that India will become the world's most populous nation this year.
That's caused domestic demographers to lament that China will get old before it gets rich, slowing the economy as revenues drop and government debt increases due to soaring health and welfare costs. The national statistics bureau said in a statement that people should not worry about the decline in population as "overall labour supply still exceeds demand".
The data was the top trending topic on Chinese social media after the figures were released on Tuesday. One hashtag,"#Is it really important to have offspring?" had hundreds of millions of hits.
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China’s population shrinks for the first time since 1961China's population fell last year for the first time since 1961. It's a historic turn that's expected to mark the start of a long period of decline in its citizen numbers and see India become the world's most populous nation in 2023
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